Exclusive-Evergrande CEO in Hong Kong for restructuring, asset sale talks, sources say

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Reuters

By Clare Jim and Julie Zhu HONG KONG (Reuters) – Evergrande Group’s chief executive is holding talks in Hong Kong with investment banks and creditors over a possible restructuring and asset sales, two people said, as the Chinese developer battles against default on more than $300 billion in debts. CEO Xia Haijun, a confidant of chairman Hui Ka Yan and who runs Evergrande’s day-to-day operations including financing, has been in Hong Kong, where the property firm has a major presence, for more than two months, the two sources told Reuters. A third source said Xia was talking to banks and credito…

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