Evergrande Group Photo: CFP

Bondholders have received three interest payments from Chinese property giant Evergrande group, totaling $148 million, according to a report released by Cailian Press on Thursday.

The company had three bonds coupon payments due to expire on Thursday after a 30-day grace period, which will mature in April 2022, 2023 and 2024 respectively.

Evergrande's share opened 1.69 percent higher on Thursday at the Hong Kong Stock Exchange.

Evergrande's liquidity crisis has triggered rising concerns about the health of the Chinese property market, and, the cash-stripped company is exploring  all ways to repay its debts.

On Tuesday, a filing to the HK stock exchange showed that the company has sold 530 million shares in its Hong Kong-listed internet unit HengTen Networks Group over the last three trading days, raising around HK$1.125 billion ($144 million).

In the midst of a growing liquidity crisis, Evergrande had sold off shares in HengTen earlier in June. The company sold 739 million shares of the film production and internet-media, raising about HK$4.43 billion in June. Through further reducing shares of HengTen, it capitalized HK$1.18 billion and HK$2.07 billion on August 13 and August 24.

On October 27, Chinese financial news caixin.com reported that a luxury home in Hong Kong belonging to Xu Jiayin, founder and chief executive of the Evergrande group, was put up for loan collateral, which was called for by the company's creditors. 

According to the report, the property giant pledged to the local Hong Kong branch of the China Construction Bank, citing documents from the city's Land Registry. The luxury property's estimated value is HK$700 million ($90 million).

On September 29, the embattled property giant also completed its stock sale of Shengjing Bank. According to a filing by the Hong Kong stock exchange on Thursday, Evergrande's shares in Shengjing Bank were reduced from 49.59 percent to 19.85 percent, which help it raise 11 billion yuan.

Global Times