HONG KONG, Jan 3 (Reuters) – The tender sale of embattled China Evergrande Group’s (3333.HK) Hong Kong headquarters has lapsed once more, two sources with data stated, as a result of the supply costs and phrases didn’t meet necessities.
Lenders to the workplace tower, China Evergrande Centre, valued at between HK$8 billion and HK$9 billion ($1.02 billion to $1.15 billion), appointed receiver in September to grab the asset, and put it on tender sale with a deadline for bid submission on Oct. 31.
Evergrande, which is saddled with greater than $300 billion in liabilities and is on the centre of an unprecedented property sector disaster in China, had been attempting to promote its 27-storey tower in Hong Kong’s Wan Chai district to lift money earlier than it was seized by collectors.
Chinese language state-owned China Citic Financial institution Corp Ltd (601998.SS), whose Hong Kong subsidiary leads the lender group, didn’t instantly reply to request for remark. Evergrande and Savills, agent for the tender sale, declined to remark.
($1 = 7.8102 Hong Kong {dollars})
Reporting by Clare Jim; Further reporting by Ziyi Tang in Beijing; Modifying by Louise Heavens
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