Exclusive-Evergrande’s $1.7 billion Hong Kong headquarters sale flops as buyer withdraws -sources

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Reuters

By Julie Zhu, Kane Wu and Clare Jim HONG KONG (Reuters) – Chinese state-owned Yuexiu Property has pulled out of a proposed $1.7 billion deal to buy China Evergrande Group’s Hong Kong headquarters building over worries about the developer’s dire financial situation, two sources said. The collapse of the talks for the landmark building’s sale is another setback for cash-strapped Evergrande which has been scrambling to divest some assets to repay creditors knocking on its doors. With more than $300 billion in liabilities, it has already missed three rounds of interest payments on its internationa…

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