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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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Thug Life Movie Review & Release Live Updates: Kamal Haasan’s Bold New Venture – Is it the Hit We Expected?

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Thug Life Movie Review & Release Live Updates: Kamal Haasan’s Bold New Venture – Is it the Hit We Expected?

Kamal Haasan’s Bold New Venture

Kamal Haasan, the versatile legend of Indian cinema, is back on the big screen with his latest thriller, Thug Life. After weeks of anticipation and a gripping promotional campaign, fans have eagerly awaited the release of this high-octane action drama. The movie, directed by debutant director Arvind Rao, promises to showcase Haasan in a never-before-seen avatar, leading to sky-high expectations. So, does Thug Life live up to the hype? In this blog, we bring you an in-depth review of the film, along with live updates from the first-day box office response. Is Thug Life the next blockbuster hit Kamal Haasan fans have been waiting for?

A Thrilling First Look: What’s Thug Life All About?
At its core, Thug Life is an action-packed thriller that explores the lives of notorious criminals, their complex relationships with law enforcement, and the grey areas of morality. Kamal Haasan plays Vikram Singh, a larger-than-life anti-hero with a troubled past who finds himself caught between the law and the underworld. The film also stars an ensemble cast, including the brilliant actress Simran, who plays a key role as Vikram’s moral compass.

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From the first teaser, it’s clear that Thug Life is set against the backdrop of a gritty urban world, filled with explosive action sequences, intense drama, and gripping twists. The film promises to delve deep into themes of justice, vengeance, and personal redemption. Kamal’s performance, combined with the intriguing premise, has set the stage for a grand theatrical release.

Plot and Direction: The Power of Storytelling
Thug Life is crafted in a fast-paced manner, with suspense building at every corner. The screenplay is written in a way that constantly keeps the audience on edge, making them question the true intentions of the characters. The film’s direction by Arvind Rao has been appreciated for its bold approach in showcasing complex characters and real-world dilemmas.

Kamal Haasan, known for his ability to transform into any character, does not disappoint here. He brings his unparalleled experience to the table, portraying a character who walks the thin line between good and evil. His performance is undoubtedly one of the highlights of the film.

Simran’s portrayal of Maya, a fierce and intelligent woman who challenges Vikram’s decisions, complements Haasan’s character beautifully. Their chemistry on screen elevates the emotional stakes, making the action sequences more impactful.

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Is the Action Worth the Hype?
The action sequences in Thug Life are nothing short of spectacular. From high-speed chases to hand-to-hand combat, the film delivers thrills on every front. The choreography, especially in the fight scenes, stands out for its fluidity and precision. Kamal Haasan, known for his commitment to physical transformation, performs many of the stunts himself, showcasing his dedication to the craft.

One of the standout moments is a tense sequence set in an abandoned warehouse where Vikram faces off against a group of armed criminals. The scene is intense, and the cinematography captures the chaos and confusion, making it a thrilling experience.

Music & Sound Design: A Powerful Impact
The film’s music, composed by the talented Anirudh Ravichander, perfectly complements the high-octane action and dramatic moments. Tracks like “Thug Life Anthem” and “Vikram’s Vengeance” have already started to trend on music platforms, and it’s easy to see why. The music amplifies the tension and excitement, enhancing the overall cinematic experience.

The sound design deserves special mention. Whether it’s the ominous hum during a quiet moment or the deafening roar during action sequences, the sound elevates the tension and immerses the audience in the world of Thug Life.

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Live Box Office Updates: A Promising Start
As the clock strikes midnight, audiences flock to theaters for the first showings of Thug Life. Early reviews on social media are buzzing with excitement, praising Kamal Haasan’s return to form and the gripping narrative. The film’s powerful action sequences and engaging storyline seem to have hit the right chord with fans.

Box office analysts predict a solid opening for Thug Life. With strong pre-release bookings, particularly in Chennai, Mumbai, and Bengaluru, the film is set for a roaring start. Kamal Haasan’s massive fan base is ensuring long lines at theaters, with advance bookings already sold out in several locations.

Reports from the first-day collections are already rolling in, and the numbers look promising. It’s expected that Thug Life will gross over ₹15 crore on its opening day, making it one of the highest openings for Kamal Haasan in recent years.

The Verdict: Is Thug Life Impressive?
Without a doubt, Thug Life is a powerful cinematic experience that showcases Kamal Haasan in peak form. The film succeeds in offering a gripping storyline, memorable characters, and a stellar performance from its lead. The action sequences and emotional depth set it apart from typical masala entertainers, and its themes resonate with today’s audience.

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While the plot may feel familiar to those who have watched similar thrillers, Thug Life distinguishes itself with its sharp direction, compelling performances, and high-quality production values. If you’re a fan of action films with emotional depth, this is a movie you won’t want to miss.

Rating: 4/5 – A must-watch for Kamal Haasan fans and action movie lovers alike.

Live Updates: Is Thug Life Making Waves?
10:00 AM – First Show Starts:
The first show has begun! Fans are already praising Kamal Haasan’s power-packed performance. Social media is flooded with reactions as people seem impressed with the intense action sequences.

12:30 PM – Early Box Office Numbers:
Thug Life is seeing a great response at the box office. Early reports show packed theaters in Chennai, Hyderabad, and Bengaluru. Looks like Kamal Haasan is in for a hit!

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3:00 PM – Social Media Buzz:
The film’s action and Kamal Haasan’s performance are trending on Twitter and Instagram. Fans are calling it his best role in years. Many are also impressed with the music by Anirudh.

6:00 PM – Fan Reactions:
The film continues to dominate social media as fans share videos from theaters. There’s a lot of love for the film’s emotional depth, making it clear that Thug Life is a crowd favorite.

Final Thoughts:
With such a fantastic opening, Thug Life looks set to make waves at the box office. Kamal Haasan’s stellar performance and the film’s impressive direction ensure that this thriller is more than just a typical action flick – it’s a cinematic experience.

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