PF CONUS Activity: SPAR22 C-40C departed JBA after a ground stop of about 60m to Scott AFB-arrived from Rotterdam depart earlier today-it arrived at Stansted-London on 1102 and went over to Rotterdam on Friday 1104this was the exact AC that left San Francisco Int'l several hours before the PPelosi 'attack' as SPAR11 and arrived there on 1025 late local time…it left on 1027 back to JBA and it departed JBA as same (SPAR11) to London on 1102 but arrived as SPAR22 after crossing the Atlantic, German AF GAF246 A400m departed Dules after an overnight, SAM556 G5 departed Bozeman, MT after an overnight and was heading to Seattle and now S along the CA coast, TEAL09 USAC WC-130 Hurricane Hunter made a trip out into the Gulf dan back to Biloxi'''
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Evergrande Says Creditors Sold Hong Kong Plot for $637 Million
China Evergrande Group said its creditors have sold a plot of undeveloped land in Hong Kong’s Yuen Long intended for a residential development project for $637 million, according to an exchange filing.
Evergrande expects to record a loss of approximately $770 million for the transaction. Proceeds will be used to repay the financial obligations in relation to the project, the Sunday filing said.
The troubled developer announced in January that the plot of land was used as security for a financing transaction worth $520 million. The project was seized by Oaktree Capital after Evergrande defaulted on a loan against which Oaktree had security, according to a Financial Times report. Evergrande is at the center of a credit crisis that has rippled through China’s real estate sector and slowed the world’s second-largest economy. The company failed to deliver a preliminary restructuring plan for its offshore debt that was expected by the end of July, and has since said it would try to provide a specific proposal before the end of the year.
https://www.bnnbloomberg.ca/evergrande-says-creditors-sold-hong-kong-plot-for-637-million-1.1842433
please make this change
linky and titles different
>>17725813 Elon Musk’s Twitter will wait to push changes to its verification process and Twitter Blue subscription service until after the midterm elections
>>17725814 Evergrande Says Creditors Sold Hong Kong Plot for $637 Million
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and the Credit Ratings agencies are still schtum however they tried really hard to get defaults declared on all muh Russian CDS (led by Jamie) and why JP Morgan had a big increase-then a decrease in derivatives exposure from Q1 to Q2
Evergrande is the same size as Lehman was in 2008