EGRNF - Chinese Evergrande said to get bid for Hong Kong HQ from Li Ka-shing firm

• CK Asset, a firm founded by billionaire Li Ka-shing, has confirmed that it put in a bid to buy China Evergrande's ( OTCPK:EGRNF ) ( OTCPK:EGRNY ) Hong Kong headquarters, Reuters reported Thursday.
• Struggling with more than $300B in liabilities, China Evergrande ( OTCPK:EGRNF ) has been soliciting bids for its  headquarters after a potential $1.7B deal collapsed. Several Hong Kong developers have submitted tenders, with little participation by Chinese state-owned companies, a source told Reuters.
• In October, Reuters reported that Yuexi Property, a Chinese state-owned company, had dropped a $1.7B proposal to buy the 26-floor tower. In this round, Evergrande ( OTCPK:EGRNF ) isn't expected to get as much, closer to HK$9B ($1.15B), Reuters said.
• The sale proceeds would be used to repay offshore creditors as part of a debt restructuring plan that's expected to be announced by the end of the month .

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