Two subsidiaries holding 47 property projects will be transferred in a cash boost for the electric vehicle unit of the ailing real estate giant

The debt restructuring plan has not proven popular with Evergrande dollar bondholders, with one likening it to lending a bucket of rice and then being repaid back with two grains

The restructuring, worth $22.7 billion, is just part of Evergrande‘s total liabilities that amount to more than $300 billion

Bondholders have also been pushing Evergrande Chairman Hui Ka Yan to put in more of his own money to repay debt

The world's most indebted property developer has been struggling to repay its many creditors, making this a 'crucial year' for debt repayment

The Peak district home has been reportedly seized by the China Construction Bank (Asia) in connection with an overdue Evergrande bond

The real estate group, struggling under about $300 billion of debt, bought the Wan Chai tower for HK$12.5 billion ($1.6 billion) seven years ago

The beleaguered developer's two most senior executives submit their resignations after audit reveals involvement in improperly diverting funds

Hong Kong Stock Exchange tells China Evergrande to get a winding-up plea filed by a creditor dismissed for its shares to start trading

Evergrande said it is in negotiations with bondholders to reach a deal as soon as possible, its statement to the Shenzhen Stock Exchange showed

Evergrande confirmed lawsuit by Top Shine Global in Hong Kong, for not fulfilling a financial obligation of $110 million, but insisted that the move would not effect its restructuring.

The government has eased mortgage costs through interest rate cuts, relaxed some rules on ownership of second homes and urged banks to lend more to buyers