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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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Kunal Kemmu Reveals Crucial, Heartbreaking Struggle of Being Jobless

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Kunal Kemmu Reveals Crucial, Heartbreaking Struggle of Being Jobless

The glamour and glamour of Bollywood can mislead us to the hard, cold reality that lies behind the velvet curtains. We see the flashing cameras, beautiful attire, and thunderous ovation, but we rarely see a gifted artist’s quiet anguish as he waits for the phone call.

Recently, the immensely adaptable Kunal Kemmu shattered this shiny façade by revealing a terribly difficult period in his career. Despite his established acting talent and irresistible charm, the actor disclosed a heartbreaking truth that many in the creative business covertly face.

He openly discussed being unemployed for six months to a year. This devastating revelation serves as a sharp reminder that in the entertainment industry, success is dangerously transitory and rejection is an ever-present shadow.

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The Toxic Illusion of Industry Advice

When a picture fails to do well at the box office, the implications for an actor can be swift and severe. Kunal Kemmu described how a single project’s failure entirely halted his momentum, severing a blossoming career and leaving him stuck at home.

During this dark and alienating era, well-meaning strangers and business insiders raced to offer him advice. However, the nature of this advise emphasises the superficial, performance mentality that pervades the entertainment industry.

Instead of being told to improve his skills or patiently wait for a story that matched his talent, he was subjected to odd societal demands. People sincerely recommended him to hire aggressive public relations personnel, hold lavish parties, network tirelessly, and give expensive presents to key persons in order to remain relevant.


Rejecting the Performative Circus

For an actor who has always prioritised depth above theatrics, this trite counsel felt completely out of place. Kunal Kemmu said that, while such transactional approaches may work for some people, they do not accord with his underlying principles.

The strain to play an off-camera role can be just as stressful as presenting a complex character on stage. Kunal chose not to participate in the superficial lifestyle of mailing gifts or throwing fictitious gatherings only to get a film role.

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Instead of feeding a frantic public relations narrative, he chose to maintain his personal dignity while emphasising his artistic ability. This modest disregard of industry standards demonstrates the enormous mental strength required to endure the unpredictable nature of Indian cinema.


The psychological toll of being creative while unemployed is a significant problem that few celebrities openly mention. Kunal Kemmu did not hold back while recounting the extreme uneasiness and paralysing worry that overwhelmed him throughout his year-long forced leave.

When you are entirely out of employment, a corrosive loop of self-doubt will inevitably take over your head. The actor admitted to continually worrying if he’d ever get the opportunity to appear in front of a camera again.

This great vulnerability reveals a universal reality about the performing profession. Whether you are a famous superstar or a struggling newbie, the frightening unpredictability of the entertainment industry spares no one.

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The Actor’s Ultimate Dilemma

Aside from the emotional discomfort, a protracted lack of work throws an artist into a corner, posing a significant ethical quandary. Actors are constantly torn between waiting for high-quality scripts and accepting substandard assignments solely for financial survival.

Kunal Kemmu acknowledged the agonising struggle that most creative professionals undergo at certain stages in their careers. The fear of being forgotten by the public drives many artists to make significant compromises to their artistic integrity.

It takes a lot of patience and self-belief to say no to subpar job when your calendar is empty. Kunal’s tale demonstrates that following your intuition can be extremely painful but eventually beneficial.


Embracing the Ever-Changing Acts of Life

Today, Kunal Kemmu is experiencing a stunning professional renaissance, juggling acting commitments, hosting a major reality program, and celebrating directing success. Nonetheless, he remains delightfully grounded, acutely aware that the current spotlight is not certain to last forever.
Asian Horizon Network

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He sees his career as a long film that unfolds brilliantly through distinct acts, rather than a constant apex. This realistic viewpoint enables him to enjoy his current hectic schedule without getting arrogant or complacent.
tennews.in

Kunal has brought consolation to other artists who are going through their own silent challenges by revealing his difficult period of unemployment. His narrative demonstrates that genuine genius does not require transactional gifts or contrived parties to achieve its proper position in the light.


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