China Aoyuan Subsidiary Assets Face Receivership Over Mortgaged Hong Kong Properties

Reuters
3 hours ago
<a href="https://laohu8.com/S/CAOYF">China Aoyuan</a> Subsidiary Assets Face Receivership Over Mortgaged Hong Kong Properties

Receivers and managers from FTI Consulting (Hong Kong) were appointed over assets securing mortgage loans granted by Hang Seng Bank to an indirect wholly owned subsidiary of China Aoyuan Group. The collateral comprises Kwai Chung Town Lot No. 46 and a 12-storey building on the lot held by the subsidiary, with about HK$539 million in outstanding principal and HK$121 million in accrued interest.

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