Reported about 2 months ago
Offshore creditors of China Evergrande may improve their chances of recovering funds by establishing that the property developer owes money to its onshore subsidiaries. Following a liquidation order in Hong Kong, these creditors have become de facto shareholders in Evergrande's onshore assets, which is crucial for potential claims. However, while there are opportunities to pursue funds, recovery remains complex due to possible hierarchy issues between offshore and onshore creditors, as well as the challenges of navigating China's restructuring process.
Source: YAHOO