China Evergrande liquidators recover 1% of debt claims after 2-1/2 years

HONG KONG, Oct 22 (Reuters) China Evergrande Group s liquidators have recovered $435.9 million from asset sales and loan recoveries so far, highlighting the challenge of repaying creditors with ​claims of about $46 billion against the developer. In their second ‌progress report since a Hong Kong court ordered Evergrande s liquidation in January 2024, the liquidators, Edward Middleton and Tiffany Wong of Alvarez Marsal, said on Thursday they aimed to make a first interim dividend payment to ‌creditors ​in the first half of 2027, ⁠although the amount has ⁠yet to be determined. Evergrande, once China s top property developer, defaulted on most of its roughly $300 billion in liabilities and became a symbol of the property crisis that has weighed on ​the world s second-largest economy. The liquidators said they had raised the $435.9 million through the sale of assets including aircraft, artwork ⁠and club memberships, as well as ⁠the settlement of loan receivables. They said 96 of ​the 1