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Property stocks sink, Oaktree seizes assets: Evergrande update

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Property stocks sink, Oaktree seizes assets: Evergrande update

Shares of Chinese developers tumbled on Thursday after the two companies announced plans to issue new shares. According to the British “Financial Times” report, the American investment company Oaktree Capital is in the process of expropriating a piece of land used as collateral by China’s Evergrande Group.

The builder has told creditors it aims to release an initial restructuring plan within the next six months. Evergrande said in a statement after a conference call with stakeholders on Wednesday that it “will continue to listen carefully to the opinions and suggestions of creditors.” The company plans to treat all classes of bondholders, such as domestic and foreign investors, equally, with the help of its financial advisers, a company executive said on a conference call, according to people familiar with the matter.

Other stressed real estate companies are ramping up fundraising efforts ahead of the Lunar New Year holiday. China Aoyuan Group Ltd. — which changed auditors ahead of key industry earnings season — completes real estate sale in Canada, Times China Holdings Ltd. issues new shares in Hong Kong, and Logan Group Ltd. sells equity-linked securities for existing Debt refinancing.

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Evergrande’s shares fell as much as 9.6% at one point, while Times China and Logan’s one-day losses were 32% and 17%, respectively. The Bloomberg Intelligence real estate index fell 4.6%.

Major developments:

Evergrande plans to propose restructuring plan within six months
At the beginning of the new year, housing market crackdown drags down China’s economy
Oaktree Capital seizes Evergrande real estate assets: FT
Property crisis means Chinese cities sell land to themselves
Shimao’s $74M placement limits hurdles to cash-crunch fix
Logan raises funds (8:26am HKT)

Logan sold HK$1.95 billion ($250 million) in equity-linked securities and said it would use the net proceeds to refinance its existing debt. Unless redeemed earlier, the securities are paid semi-annually and expire on August 4, 2026.

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Times China Share Placement (8:17am Hong Kong time)

Times China sold 117.7 million new shares at HK$3.40 each, according to a statement from the Hong Kong Stock Exchange. The price represents a 17.1% discount to the stock’s closing price on Wednesday.

Financial Times says Oaktree to acquire Evergrande assets (2:44am Hong Kong time)

Complete News Source : Hindustan Times

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You actor Penn Badgley grooves to Hrithik Roshan’s Kaho Naa Pyaar Hai? Watch the viral video

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You actor Penn Badgley grooves to Hrithik Roshan’s Kaho Naa Pyaar Hai? Watch the viral video

A viral video of American actor Penn Badgley, known for his roles in You and Gossip Girl, dancing to Hrithik Roshan and Ameesha Patel’s song “Kaho Naa Pyaar Hai” has gone viral. The video, posted by a meme page on Instagram Reels, has sparked a stir among Indian fans. The actor, who is currently promoting the final season of Netflix show You, also danced to.

ANXIETY by Sleepy Hallow during his appearance on The Jennifer Hudson Show. The video has sparked a lot of retweets and comments on the social media platform. Some users have even compared the edited video to the hookstep of the song, causing a stir on the platform.

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The video has been praised for its witty references to the characters from the films and has been a hit on social media A new viral video has taken the internet by storm, featuring American actor Penn Badgley best known for his roles in Gossip Girl and You dancing to the iconic Bollywood track “Kaho Naa Pyaar Hai.” The clip showcases Badgley in a beige suit.

While the original footage features Badgley dancing to Sleepy Hallow’s “Anxiety” during an the video has garnered millions of views. Fans, especially from India, are loving this appearance on The Jennifer Hudson Show, the viral video cleverly syncs his movements with the Bollywood classic, creating a delightful fusion that has captivated audiences worldwide. ​

Fans, particularly from India, have expressed their joy and surprise at seeing the Hollywood star embrace Bollywood culture. One Twitter user remarked, “THE Gossip Girl dancing to a Bollywood song is all I needed For those interested in viewing the original dance segment, it is available on Reddit. Additionally, the edited version that has gone viral can be found on.

This unexpected cross-cultural moment highlights the universal appeal of music and dance, Instagram bridging gaps between Hollywood and Bollywood in a fun and engaging way A new viral video has taken the internet by storm, featuring American actor Penn Badgley—best known for his roles in Gossip Girl and You—dancing to the iconic Bollywood track “Kaho Naa.

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Pyaar Hai.” The clip showcases Badgley in a beige suit, effortlessly grooving to the song originally performed by Udit Narayan and Alka Yagnik, and composed by Rajesh Roshan. The video, shared by the Instagram page @qualiteaposts, has garnered over 1.9 million views within hours of its release While the original footage features Badgley dancing to Sleepy.

Hallow’s “Anxiety” during an appearance on The Jennifer Hudson Show, the viral video cleverly syncs his movements with the Bollywood classic, creating a delightful fusion that has captivated audiences worldwide Fans, particularly from India, have expressed their joy and surprise at seeing the Hollywood star embrace Bollywood culture. One Twitter user remarked.

THE Gossip Girl dancing to a Bollywood song is all I needed For those interested in viewing unexpected cross-cultural moment, with many expressing their joy over seeing TO dance the original dance segment, it is available on Reddit. Additionally, the edited version that has gone viral can be found on Instagram This unexpected cross-cultural moment highlights the universal appeal of music and dance, bridging gaps between Hollywood and Bollywood fun.

A viral video featuring Penn Badgley, the actor from You and Gossip Girl, has taken the internet by storm. In the clip, Badgley is seen grooving to Hrithik Roshan’s iconic Bollywood track, “Kaho Naa Pyaar Hai.” The video cleverly syncs his dance moves, originally performed to Sleepy Hallow’s “Anxiety,” with the classic Bollywood song. Shared widely on Instagram.

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