Oaktree Capital Gets in Front of Evergrande Restructuring by Seizing Project Castle in Hong Kong
Posted on 01/29/2022
Los Angeles-based Oaktree Capital Management seized a 2.2 million-square-foot plot known as “Project Castle” in Wo Shang Wai, Yuen Long District, Hong Kong. Project Castle is where the Chairman of China Evergrande Group sought to build a giant mansion. The seizure was made through a receiver. This is after Evergrande defaulted on a loan against […]
