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 services unit’s pledged shares were last enforced a year ago, when the group's ownership was reduced from 60.96%

The Hengchi 5 has debuted in a flashy videotaped event, as president Liu Yongzhong said: "[We] are striving to become a globally recognised national automobile brand."