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Evergrande Liquidators Plan First Payout to Creditors Next Year

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Evergrande Liquidators Plan First Payout to Creditors Next Year Nearly three years after China Evergrande Group began winding up, liquidators have recovered less than 1% of the $46 billion sought by creditors, which they aim to begin distributing in the first half of 2027. Edward Middleton and Tiffany Wong, from the consulting firm Alvarez & Marsal Inc., said on Thursday that they’ve raised about HK$3.4 billion (US$433 million) as of Sept. 30.

Evergrande Liquidators Plan First Payout to Creditors Next Year Nearly three years after China Evergrande Group began winding up, liquidators have recovered less than 1% of the $46 billion sought by creditors, which they aim to begin distributing in the first half of 2027. Edward Middleton and Tiffany Wong, from the consulting firm Alvarez & Marsal Inc., said on Thursday that they’ve raised about HK$3.4 billion (US$433 million) as of Sept. 30. For the first time, the court-appointed liquidators published a detailed breakdown of how much they recouped from various assets, including aircraft, artwork and club memberships.
China Evergrande Group (ORG) Edward Middleton (PERSON) Tiffany Wong (PERSON) Alvarez & Marsal Inc. (ORG)
Originally published by Bloomberg Markets Read original →