Evergrande to push ahead with sale of HK land

United States asset manager Oaktree Capital Management, a lender to Evergrande to develop a vast land plot in the rural Yuen Long district, has sought to seize control of the asset by appointing a receiver, a separate person said last month.

HONG KONG: China’s Evergrande Group will continue with efforts to sell a plot of undeveloped land in Hong Kong even after the appointment of a receiver by a creditor, a person with direct knowledge of the matter said.

The appointment of a receiver will also not have any bearing on the group’s restructuring process, said the person.