Secretive Developer Doubles Down on Money-Losing Evergrande Bet

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Secretive Developer Doubles Down on Money-Losing Evergrande Bet

Bloomberg2021-07-23

A little-known property company has been adding to its money-losing wager on China EVERGRANDE Group, amassing bond holdings with a face value of $1 billion despite growing fears of a default. Asia ...

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Pluto891
·2021-07-23
關係
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3
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- Kai1515:
  Cool
  2021-07-23
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- Tj23:
  Ya
  2021-07-23
  Reply
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- wltan:
  Ok
  2021-07-23
  Reply
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gstrader
·2021-07-23
Great
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2
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AnsonDW
·2021-07-23
Omg omg
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4
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Rudyy
·2021-07-23
Like!
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- AnsonDW:
  Omg omg
  2021-07-23
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leekanghao
·2021-07-23
Sell
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Chloe1
·2021-07-23
Thanks for sharing
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angskk
·2021-07-23
Pls like and comment thks
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- Yingss:
  Ok
  2021-07-23
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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSecretive Developer Doubles Down on Money-Losing Evergrande Bet\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-23 13:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-07-23/secretive-developer-doubles-down-on-money-losing-evergrande-bet><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A little-known property company has been adding to its money-losing wager on China EVERGRANDE Group, amassing bond holdings with a face value of $1 billion despite growing fears of a default.\nAsia ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-07-23/secretive-developer-doubles-down-on-money-losing-evergrande-bet\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"03333","symbol_name":"中国恒大","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2021-07-23/secretive-developer-doubles-down-on-money-losing-evergrande-bet","article_id":"1134708261","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1134708261","pubTimestamp":1627016816,"columns":[],"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"A little-known property company has been adding to its money-losing wager on China EVERGRANDE Group,","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"03333":"中国恒大"},"translate_title":"神秘开发商加倍押注赔钱的恒大","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03333":0.9},"content_text":"A little-known property company has been adding to its money-losing wager on China EVERGRANDE Group, amassing bond holdings with a face value of $1 billion despite growing fears of a default.\nAsia Orient Holdings Ltd., led by secretive tycoon Poon Jing, disclosed its position in a Hong Kong exchange filing this week showing it and group firms had spent at least $230 million on Evergrande debt over the past year. Asia Orient added to holdings in the midst of a deep market selloff on June 9, while an affiliate made purchases about a week later.\nWith Evergrande bonds now trading near record lows, Poon’s company and its affiliates are sitting on unrealized losses on disclosed holdings.\nIt’s another example of how billionaire Hui Ka Yan’s Evergrande has attracted backers willing to invest in the world’s most indebted developer during times of market stress. Hui has often counted on his tycoon friends, such as the group of magnates called theBig Two poker club, to buy when Evergrande’s shares and bonds were tumbling.\n“You do see the same names sort of cropping up” in Evergrande deals, said Nigel Stevenson, an analyst at GMT Research Ltd. in Hong Kong. He said social connections probably play an important role in many Evergrande transactions.\nAsia Orient, which didn’t respond to requests for comment, and its group firms are sitting on potential losses on Evergrande bond investments disclosed in the filing this week, according to data compiled by Bloomberg. For example, the company invested $39.7 million in Evergrande dollar bonds due 2023 at the end of September, when the notes were trading between 76 cents and 91 cents on the dollar. Those same bonds are now priced at around 58 cents.\nEvergrande’s bonds have tumbled over the past two months amid reports of rising regulatory scrutiny, missed payments to suppliers and increasingly wary banks. Earlier this week, at least four of Hong Kong’s largest lendersstoppedproviding mortgages to buyers of Evergrande’s unfinished apartments in the city.\nBut Asia Orient and its affiliates have continued to buy, just as theydidduring Evergrande’s last liquidity crisis in the fall of 2020. The company and its unitssnapped up$43.5 million in Evergrande notes on June 8-9, according to an exchange filing. A group company bought $2.6 million of the bonds on June 18.\nAsia Orient is the parent of Asia Standard Hotel Group Ltd. and Asia Standard International Group Ltd., both of which are also listed in Hong Kong. The group has business in Hong Kong, Shanghai, Beijing and Vancouver. Poon’s sons, Poon Hai and Poon Yeung, and his brother-in-law, Clement Fung, allsiton Asia Orient’s board.\nAsia Standard Hotel and Asia Standard International didn’t respond to requests for comment.\nAsia Orient and its units have been accumulating Evergrande bonds since at least 2016, according to company reports.\nInvestments accounted for most of Asia Orient’s recurring income, with listed debt securities making up 97% of its portfolio as of the end of September, according to a semi-annual report for the six months ended Sept. 30. Most of the issuers are mainland Chinese developers, including KAISA GROUP and JIAYUAN INTERNATIONAL GROUP LTD..\n— With assistance by Rebecca Choong Wilkins","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":175803370,"gmtCreate":1627018000390,"gmtModify":1703482546018,"author":{"id":"3581937910767045","authorId":"3581937910767045","name":"Pluto891","avatar":"https://static.tigerbbs.com/c9963f2ef3d3ad2aff28340461d3d6d0","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3581937910767045","authorIdStr":"3581937910767045"},"htmlText":"關係","listText":"關係","text":"關係","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/175803370","repostId":1134708261,"repostType":4,"repost":{"id":"1134708261","kind":"news","pubTimestamp":1627016816,"share":"https://ttm.financial/m/news/1134708261?lang=&edition=fundamental","pubTime":"2021-07-23 13:06","market":"hk","language":"en","title":"Secretive Developer Doubles Down on Money-Losing Evergrande Bet","url":"https://stock-news.laohu8.com/highlight/detail?id=1134708261","media":"Bloomberg","summary":"A little-known property company has been adding to its money-losing wager on China EVERGRANDE Group,","content":"<p>A little-known property company has been adding to its money-losing wager on&nbsp;China <a href=\"https://laohu8.com/S/03333\">EVERGRANDE</a>&nbsp;Group, amassing bond holdings with a face value of $1 billion despite growing fears of a default.</p>\n<p><a href=\"https://laohu8.com/S/AOTHF\">Asia Orient Holdings Ltd.</a>, led by secretive tycoon Poon Jing, disclosed its position in a Hong Kong exchange&nbsp;filing&nbsp;this week showing it and group firms had spent at least $230 million on Evergrande debt over the past year. Asia Orient added to holdings in the midst of a deep market selloff on June 9, while an affiliate made purchases about a week later.</p>\n<p>With Evergrande bonds now trading near record lows, Poon’s company and its affiliates are sitting on unrealized losses on disclosed holdings.</p>\n<p>It’s another example of how billionaire Hui Ka Yan’s Evergrande has attracted backers willing to invest in the world’s most indebted developer during times of market stress. Hui has often counted on his tycoon friends, such as the group of magnates called theBig Two poker club, to buy when Evergrande’s shares and bonds were tumbling.</p>\n<p>“You do see the same names sort of cropping up” in Evergrande deals, said Nigel Stevenson, an analyst at GMT Research Ltd. in Hong Kong. He said social connections probably play an important role in many Evergrande transactions.</p>\n<p>Asia Orient, which didn’t respond to requests for comment, and its group firms are sitting on potential losses on Evergrande bond investments disclosed in the filing this week, according to data compiled by Bloomberg. For example, the company invested $39.7 million in Evergrande dollar bonds due 2023 at the end of September, when the notes were trading between 76 cents and 91 cents on the dollar. Those same bonds are now priced at around 58 cents.</p>\n<p>Evergrande’s bonds have tumbled over the past two months amid reports of rising regulatory scrutiny, missed payments to suppliers and increasingly wary banks. Earlier this week, at least four of Hong Kong’s largest lendersstoppedproviding mortgages to buyers of Evergrande’s unfinished apartments in the city.</p>\n<p>But Asia Orient and its affiliates have continued to buy, just as theydidduring Evergrande’s last liquidity crisis in the fall of 2020. The company and its unitssnapped up$43.5 million in Evergrande notes on June 8-9, according to an exchange filing. A group company bought $2.6 million of the bonds on June 18.</p>\n<p>Asia Orient is the parent of Asia Standard Hotel Group Ltd. and Asia Standard International Group Ltd., both of which are also listed in Hong Kong. The group has business in Hong Kong, Shanghai, Beijing and Vancouver. Poon’s sons, Poon Hai and Poon Yeung, and his brother-in-law, Clement Fung, allsiton Asia Orient’s board.</p>\n<p>Asia Standard Hotel and Asia Standard International didn’t respond to requests for comment.</p>\n<p>Asia Orient and its units have been accumulating Evergrande bonds since at least 2016, according to company reports.</p>\n<p>Investments accounted for most of Asia Orient’s recurring income, with listed debt securities making up 97% of its portfolio as of the end of September, according to a semi-annual report for the six months ended Sept. 30. Most of the issuers are mainland Chinese developers, including <a href=\"https://laohu8.com/S/01638\">KAISA GROUP</a> and <a href=\"https://laohu8.com/S/JYUAF\">JIAYUAN INTERNATIONAL GROUP LTD.</a>.</p>\n<p><i>— With assistance by Rebecca Choong Wilkins</i></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Secretive Developer Doubles Down on Money-Losing Evergrande Bet</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSecretive Developer Doubles Down on Money-Losing Evergrande Bet\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-23 13:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-07-23/secretive-developer-doubles-down-on-money-losing-evergrande-bet><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A little-known property company has been adding to its money-losing wager on China EVERGRANDE Group, amassing bond holdings with a face value of $1 billion despite growing fears of a default.\nAsia ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-07-23/secretive-developer-doubles-down-on-money-losing-evergrande-bet\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-07-23/secretive-developer-doubles-down-on-money-losing-evergrande-bet","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134708261","content_text":"A little-known property company has been adding to its money-losing wager on China EVERGRANDE Group, amassing bond holdings with a face value of $1 billion despite growing fears of a default.\nAsia Orient Holdings Ltd., led by secretive tycoon Poon Jing, disclosed its position in a Hong Kong exchange filing this week showing it and group firms had spent at least $230 million on Evergrande debt over the past year. Asia Orient added to holdings in the midst of a deep market selloff on June 9, while an affiliate made purchases about a week later.\nWith Evergrande bonds now trading near record lows, Poon’s company and its affiliates are sitting on unrealized losses on disclosed holdings.\nIt’s another example of how billionaire Hui Ka Yan’s Evergrande has attracted backers willing to invest in the world’s most indebted developer during times of market stress. Hui has often counted on his tycoon friends, such as the group of magnates called theBig Two poker club, to buy when Evergrande’s shares and bonds were tumbling.\n“You do see the same names sort of cropping up” in Evergrande deals, said Nigel Stevenson, an analyst at GMT Research Ltd. in Hong Kong. He said social connections probably play an important role in many Evergrande transactions.\nAsia Orient, which didn’t respond to requests for comment, and its group firms are sitting on potential losses on Evergrande bond investments disclosed in the filing this week, according to data compiled by Bloomberg. For example, the company invested $39.7 million in Evergrande dollar bonds due 2023 at the end of September, when the notes were trading between 76 cents and 91 cents on the dollar. Those same bonds are now priced at around 58 cents.\nEvergrande’s bonds have tumbled over the past two months amid reports of rising regulatory scrutiny, missed payments to suppliers and increasingly wary banks. Earlier this week, at least four of Hong Kong’s largest lendersstoppedproviding mortgages to buyers of Evergrande’s unfinished apartments in the city.\nBut Asia Orient and its affiliates have continued to buy, just as theydidduring Evergrande’s last liquidity crisis in the fall of 2020. The company and its unitssnapped up$43.5 million in Evergrande notes on June 8-9, according to an exchange filing. A group company bought $2.6 million of the bonds on June 18.\nAsia Orient is the parent of Asia Standard Hotel Group Ltd. and Asia Standard International Group Ltd., both of which are also listed in Hong Kong. The group has business in Hong Kong, Shanghai, Beijing and Vancouver. Poon’s sons, Poon Hai and Poon Yeung, and his brother-in-law, Clement Fung, allsiton Asia Orient’s board.\nAsia Standard Hotel and Asia Standard International didn’t respond to requests for comment.\nAsia Orient and its units have been accumulating Evergrande bonds since at least 2016, according to company reports.\nInvestments accounted for most of Asia Orient’s recurring income, with listed debt securities making up 97% of its portfolio as of the end of September, according to a semi-annual report for the six months ended Sept. 30. Most of the issuers are mainland Chinese developers, including KAISA GROUP and JIAYUAN INTERNATIONAL GROUP LTD..\n— With assistance by Rebecca Choong Wilkins","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5303145,"gmtCreate":1627025945531,"gmtModify":1663231367028,"authorId":3568716803406275,"author":{"id":3568716803406275,"idStr":"3568716803406275","authorId":3568716803406275,"name":"Kai1515","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":175803370,"type":1,"supId":0,"prevId":0,"content":"Cool","text":"Cool","html":"Cool"},{"id":5302456,"gmtCreate":1627018264986,"gmtModify":1663231366241,"authorId":3571780042589602,"author":{"id":3571780042589602,"idStr":"3571780042589602","authorId":3571780042589602,"name":"Tj23","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":175803370,"type":1,"supId":0,"prevId":0,"content":"Ya","text":"Ya","html":"Ya"},{"id":5302513,"gmtCreate":1627018994048,"gmtModify":1663231365531,"authorId":3578894182511949,"author":{"id":3578894182511949,"idStr":"3578894182511949","authorId":3578894182511949,"name":"wltan","avatar":"https://static.tigerbbs.com/578ac994ad69614ee393c7c08aca3a38","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":175803370,"type":1,"supId":0,"prevId":0,"content":"<u>Ok</u>","text":"<u>Ok</u>","html":"<u>Ok</u>"}],"langContent":"CN"},{"id":175800056,"gmtCreate":1627017825175,"gmtModify":1703482542358,"author":{"id":"4089071665449880","authorId":"4089071665449880","name":"gstrader","avatar":"https://static.tigerbbs.com/bc1dc8a3139d4e25f88ab3d2add3f335","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4089071665449880","authorIdStr":"4089071665449880"},"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/175800056","repostId":1134708261,"repostType":4,"repost":{"id":"1134708261","kind":"news","pubTimestamp":1627016816,"share":"https://ttm.financial/m/news/1134708261?lang=&edition=fundamental","pubTime":"2021-07-23 13:06","market":"hk","language":"en","title":"Secretive Developer Doubles Down on Money-Losing Evergrande Bet","url":"https://stock-news.laohu8.com/highlight/detail?id=1134708261","media":"Bloomberg","summary":"A little-known property company has been adding to its money-losing wager on China EVERGRANDE Group,","content":"<p>A little-known property company has been adding to its money-losing wager on&nbsp;China <a href=\"https://laohu8.com/S/03333\">EVERGRANDE</a>&nbsp;Group, amassing bond holdings with a face value of $1 billion despite growing fears of a default.</p>\n<p><a href=\"https://laohu8.com/S/AOTHF\">Asia Orient Holdings Ltd.</a>, led by secretive tycoon Poon Jing, disclosed its position in a Hong Kong exchange&nbsp;filing&nbsp;this week showing it and group firms had spent at least $230 million on Evergrande debt over the past year. Asia Orient added to holdings in the midst of a deep market selloff on June 9, while an affiliate made purchases about a week later.</p>\n<p>With Evergrande bonds now trading near record lows, Poon’s company and its affiliates are sitting on unrealized losses on disclosed holdings.</p>\n<p>It’s another example of how billionaire Hui Ka Yan’s Evergrande has attracted backers willing to invest in the world’s most indebted developer during times of market stress. Hui has often counted on his tycoon friends, such as the group of magnates called theBig Two poker club, to buy when Evergrande’s shares and bonds were tumbling.</p>\n<p>“You do see the same names sort of cropping up” in Evergrande deals, said Nigel Stevenson, an analyst at GMT Research Ltd. in Hong Kong. He said social connections probably play an important role in many Evergrande transactions.</p>\n<p>Asia Orient, which didn’t respond to requests for comment, and its group firms are sitting on potential losses on Evergrande bond investments disclosed in the filing this week, according to data compiled by Bloomberg. For example, the company invested $39.7 million in Evergrande dollar bonds due 2023 at the end of September, when the notes were trading between 76 cents and 91 cents on the dollar. Those same bonds are now priced at around 58 cents.</p>\n<p>Evergrande’s bonds have tumbled over the past two months amid reports of rising regulatory scrutiny, missed payments to suppliers and increasingly wary banks. Earlier this week, at least four of Hong Kong’s largest lendersstoppedproviding mortgages to buyers of Evergrande’s unfinished apartments in the city.</p>\n<p>But Asia Orient and its affiliates have continued to buy, just as theydidduring Evergrande’s last liquidity crisis in the fall of 2020. The company and its unitssnapped up$43.5 million in Evergrande notes on June 8-9, according to an exchange filing. A group company bought $2.6 million of the bonds on June 18.</p>\n<p>Asia Orient is the parent of Asia Standard Hotel Group Ltd. and Asia Standard International Group Ltd., both of which are also listed in Hong Kong. The group has business in Hong Kong, Shanghai, Beijing and Vancouver. Poon’s sons, Poon Hai and Poon Yeung, and his brother-in-law, Clement Fung, allsiton Asia Orient’s board.</p>\n<p>Asia Standard Hotel and Asia Standard International didn’t respond to requests for comment.</p>\n<p>Asia Orient and its units have been accumulating Evergrande bonds since at least 2016, according to company reports.</p>\n<p>Investments accounted for most of Asia Orient’s recurring income, with listed debt securities making up 97% of its portfolio as of the end of September, according to a semi-annual report for the six months ended Sept. 30. Most of the issuers are mainland Chinese developers, including <a href=\"https://laohu8.com/S/01638\">KAISA GROUP</a> and <a href=\"https://laohu8.com/S/JYUAF\">JIAYUAN INTERNATIONAL GROUP LTD.</a>.</p>\n<p><i>— With assistance by Rebecca Choong Wilkins</i></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Secretive Developer Doubles Down on Money-Losing Evergrande Bet</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSecretive Developer Doubles Down on Money-Losing Evergrande Bet\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-23 13:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-07-23/secretive-developer-doubles-down-on-money-losing-evergrande-bet><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A little-known property company has been adding to its money-losing wager on China EVERGRANDE Group, amassing bond holdings with a face value of $1 billion despite growing fears of a default.\nAsia ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-07-23/secretive-developer-doubles-down-on-money-losing-evergrande-bet\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-07-23/secretive-developer-doubles-down-on-money-losing-evergrande-bet","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134708261","content_text":"A little-known property company has been adding to its money-losing wager on China EVERGRANDE Group, amassing bond holdings with a face value of $1 billion despite growing fears of a default.\nAsia Orient Holdings Ltd., led by secretive tycoon Poon Jing, disclosed its position in a Hong Kong exchange filing this week showing it and group firms had spent at least $230 million on Evergrande debt over the past year. Asia Orient added to holdings in the midst of a deep market selloff on June 9, while an affiliate made purchases about a week later.\nWith Evergrande bonds now trading near record lows, Poon’s company and its affiliates are sitting on unrealized losses on disclosed holdings.\nIt’s another example of how billionaire Hui Ka Yan’s Evergrande has attracted backers willing to invest in the world’s most indebted developer during times of market stress. Hui has often counted on his tycoon friends, such as the group of magnates called theBig Two poker club, to buy when Evergrande’s shares and bonds were tumbling.\n“You do see the same names sort of cropping up” in Evergrande deals, said Nigel Stevenson, an analyst at GMT Research Ltd. in Hong Kong. He said social connections probably play an important role in many Evergrande transactions.\nAsia Orient, which didn’t respond to requests for comment, and its group firms are sitting on potential losses on Evergrande bond investments disclosed in the filing this week, according to data compiled by Bloomberg. For example, the company invested $39.7 million in Evergrande dollar bonds due 2023 at the end of September, when the notes were trading between 76 cents and 91 cents on the dollar. Those same bonds are now priced at around 58 cents.\nEvergrande’s bonds have tumbled over the past two months amid reports of rising regulatory scrutiny, missed payments to suppliers and increasingly wary banks. Earlier this week, at least four of Hong Kong’s largest lendersstoppedproviding mortgages to buyers of Evergrande’s unfinished apartments in the city.\nBut Asia Orient and its affiliates have continued to buy, just as theydidduring Evergrande’s last liquidity crisis in the fall of 2020. The company and its unitssnapped up$43.5 million in Evergrande notes on June 8-9, according to an exchange filing. A group company bought $2.6 million of the bonds on June 18.\nAsia Orient is the parent of Asia Standard Hotel Group Ltd. and Asia Standard International Group Ltd., both of which are also listed in Hong Kong. The group has business in Hong Kong, Shanghai, Beijing and Vancouver. Poon’s sons, Poon Hai and Poon Yeung, and his brother-in-law, Clement Fung, allsiton Asia Orient’s board.\nAsia Standard Hotel and Asia Standard International didn’t respond to requests for comment.\nAsia Orient and its units have been accumulating Evergrande bonds since at least 2016, according to company reports.\nInvestments accounted for most of Asia Orient’s recurring income, with listed debt securities making up 97% of its portfolio as of the end of September, according to a semi-annual report for the six months ended Sept. 30. Most of the issuers are mainland Chinese developers, including KAISA GROUP and JIAYUAN INTERNATIONAL GROUP LTD..\n— With assistance by Rebecca Choong Wilkins","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":175174303,"gmtCreate":1627017680602,"gmtModify":1703482540208,"author":{"id":"4087294163975950","authorId":"4087294163975950","name":"AnsonDW","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4087294163975950","authorIdStr":"4087294163975950"},"htmlText":"Omg omg","listText":"Omg omg","text":"Omg omg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/175174303","repostId":1134708261,"repostType":4,"repost":{"id":"1134708261","kind":"news","pubTimestamp":1627016816,"share":"https://ttm.financial/m/news/1134708261?lang=&edition=fundamental","pubTime":"2021-07-23 13:06","market":"hk","language":"en","title":"Secretive Developer Doubles Down on Money-Losing Evergrande Bet","url":"https://stock-news.laohu8.com/highlight/detail?id=1134708261","media":"Bloomberg","summary":"A little-known property company has been adding to its money-losing wager on China EVERGRANDE Group,","content":"<p>A little-known property company has been adding to its money-losing wager on&nbsp;China <a href=\"https://laohu8.com/S/03333\">EVERGRANDE</a>&nbsp;Group, amassing bond holdings with a face value of $1 billion despite growing fears of a default.</p>\n<p><a href=\"https://laohu8.com/S/AOTHF\">Asia Orient Holdings Ltd.</a>, led by secretive tycoon Poon Jing, disclosed its position in a Hong Kong exchange&nbsp;filing&nbsp;this week showing it and group firms had spent at least $230 million on Evergrande debt over the past year. Asia Orient added to holdings in the midst of a deep market selloff on June 9, while an affiliate made purchases about a week later.</p>\n<p>With Evergrande bonds now trading near record lows, Poon’s company and its affiliates are sitting on unrealized losses on disclosed holdings.</p>\n<p>It’s another example of how billionaire Hui Ka Yan’s Evergrande has attracted backers willing to invest in the world’s most indebted developer during times of market stress. Hui has often counted on his tycoon friends, such as the group of magnates called theBig Two poker club, to buy when Evergrande’s shares and bonds were tumbling.</p>\n<p>“You do see the same names sort of cropping up” in Evergrande deals, said Nigel Stevenson, an analyst at GMT Research Ltd. in Hong Kong. He said social connections probably play an important role in many Evergrande transactions.</p>\n<p>Asia Orient, which didn’t respond to requests for comment, and its group firms are sitting on potential losses on Evergrande bond investments disclosed in the filing this week, according to data compiled by Bloomberg. For example, the company invested $39.7 million in Evergrande dollar bonds due 2023 at the end of September, when the notes were trading between 76 cents and 91 cents on the dollar. Those same bonds are now priced at around 58 cents.</p>\n<p>Evergrande’s bonds have tumbled over the past two months amid reports of rising regulatory scrutiny, missed payments to suppliers and increasingly wary banks. Earlier this week, at least four of Hong Kong’s largest lendersstoppedproviding mortgages to buyers of Evergrande’s unfinished apartments in the city.</p>\n<p>But Asia Orient and its affiliates have continued to buy, just as theydidduring Evergrande’s last liquidity crisis in the fall of 2020. The company and its unitssnapped up$43.5 million in Evergrande notes on June 8-9, according to an exchange filing. A group company bought $2.6 million of the bonds on June 18.</p>\n<p>Asia Orient is the parent of Asia Standard Hotel Group Ltd. and Asia Standard International Group Ltd., both of which are also listed in Hong Kong. The group has business in Hong Kong, Shanghai, Beijing and Vancouver. Poon’s sons, Poon Hai and Poon Yeung, and his brother-in-law, Clement Fung, allsiton Asia Orient’s board.</p>\n<p>Asia Standard Hotel and Asia Standard International didn’t respond to requests for comment.</p>\n<p>Asia Orient and its units have been accumulating Evergrande bonds since at least 2016, according to company reports.</p>\n<p>Investments accounted for most of Asia Orient’s recurring income, with listed debt securities making up 97% of its portfolio as of the end of September, according to a semi-annual report for the six months ended Sept. 30. Most of the issuers are mainland Chinese developers, including <a href=\"https://laohu8.com/S/01638\">KAISA GROUP</a> and <a href=\"https://laohu8.com/S/JYUAF\">JIAYUAN INTERNATIONAL GROUP LTD.</a>.</p>\n<p><i>— With assistance by Rebecca Choong Wilkins</i></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Secretive Developer Doubles Down on Money-Losing Evergrande Bet</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSecretive Developer Doubles Down on Money-Losing Evergrande Bet\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-23 13:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-07-23/secretive-developer-doubles-down-on-money-losing-evergrande-bet><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A little-known property company has been adding to its money-losing wager on China EVERGRANDE Group, amassing bond holdings with a face value of $1 billion despite growing fears of a default.\nAsia ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-07-23/secretive-developer-doubles-down-on-money-losing-evergrande-bet\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-07-23/secretive-developer-doubles-down-on-money-losing-evergrande-bet","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134708261","content_text":"A little-known property company has been adding to its money-losing wager on China EVERGRANDE Group, amassing bond holdings with a face value of $1 billion despite growing fears of a default.\nAsia Orient Holdings Ltd., led by secretive tycoon Poon Jing, disclosed its position in a Hong Kong exchange filing this week showing it and group firms had spent at least $230 million on Evergrande debt over the past year. Asia Orient added to holdings in the midst of a deep market selloff on June 9, while an affiliate made purchases about a week later.\nWith Evergrande bonds now trading near record lows, Poon’s company and its affiliates are sitting on unrealized losses on disclosed holdings.\nIt’s another example of how billionaire Hui Ka Yan’s Evergrande has attracted backers willing to invest in the world’s most indebted developer during times of market stress. Hui has often counted on his tycoon friends, such as the group of magnates called theBig Two poker club, to buy when Evergrande’s shares and bonds were tumbling.\n“You do see the same names sort of cropping up” in Evergrande deals, said Nigel Stevenson, an analyst at GMT Research Ltd. in Hong Kong. He said social connections probably play an important role in many Evergrande transactions.\nAsia Orient, which didn’t respond to requests for comment, and its group firms are sitting on potential losses on Evergrande bond investments disclosed in the filing this week, according to data compiled by Bloomberg. For example, the company invested $39.7 million in Evergrande dollar bonds due 2023 at the end of September, when the notes were trading between 76 cents and 91 cents on the dollar. Those same bonds are now priced at around 58 cents.\nEvergrande’s bonds have tumbled over the past two months amid reports of rising regulatory scrutiny, missed payments to suppliers and increasingly wary banks. Earlier this week, at least four of Hong Kong’s largest lendersstoppedproviding mortgages to buyers of Evergrande’s unfinished apartments in the city.\nBut Asia Orient and its affiliates have continued to buy, just as theydidduring Evergrande’s last liquidity crisis in the fall of 2020. The company and its unitssnapped up$43.5 million in Evergrande notes on June 8-9, according to an exchange filing. A group company bought $2.6 million of the bonds on June 18.\nAsia Orient is the parent of Asia Standard Hotel Group Ltd. and Asia Standard International Group Ltd., both of which are also listed in Hong Kong. The group has business in Hong Kong, Shanghai, Beijing and Vancouver. Poon’s sons, Poon Hai and Poon Yeung, and his brother-in-law, Clement Fung, allsiton Asia Orient’s board.\nAsia Standard Hotel and Asia Standard International didn’t respond to requests for comment.\nAsia Orient and its units have been accumulating Evergrande bonds since at least 2016, according to company reports.\nInvestments accounted for most of Asia Orient’s recurring income, with listed debt securities making up 97% of its portfolio as of the end of September, according to a semi-annual report for the six months ended Sept. 30. Most of the issuers are mainland Chinese developers, including KAISA GROUP and JIAYUAN INTERNATIONAL GROUP LTD..\n— With assistance by Rebecca Choong Wilkins","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":175172603,"gmtCreate":1627017574902,"gmtModify":1703482536893,"author":{"id":"3573013786940329","authorId":"3573013786940329","name":"Rudyy","avatar":"https://static.tigerbbs.com/bb9e738a6e83bd49057ffbf45051da2a","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3573013786940329","authorIdStr":"3573013786940329"},"htmlText":"Like!","listText":"Like!","text":"Like!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/175172603","repostId":1134708261,"repostType":4,"repost":{"id":"1134708261","kind":"news","pubTimestamp":1627016816,"share":"https://ttm.financial/m/news/1134708261?lang=&edition=fundamental","pubTime":"2021-07-23 13:06","market":"hk","language":"en","title":"Secretive Developer Doubles Down on Money-Losing Evergrande Bet","url":"https://stock-news.laohu8.com/highlight/detail?id=1134708261","media":"Bloomberg","summary":"A little-known property company has been adding to its money-losing wager on China EVERGRANDE Group,","content":"<p>A little-known property company has been adding to its money-losing wager on&nbsp;China <a href=\"https://laohu8.com/S/03333\">EVERGRANDE</a>&nbsp;Group, amassing bond holdings with a face value of $1 billion despite growing fears of a default.</p>\n<p><a href=\"https://laohu8.com/S/AOTHF\">Asia Orient Holdings Ltd.</a>, led by secretive tycoon Poon Jing, disclosed its position in a Hong Kong exchange&nbsp;filing&nbsp;this week showing it and group firms had spent at least $230 million on Evergrande debt over the past year. Asia Orient added to holdings in the midst of a deep market selloff on June 9, while an affiliate made purchases about a week later.</p>\n<p>With Evergrande bonds now trading near record lows, Poon’s company and its affiliates are sitting on unrealized losses on disclosed holdings.</p>\n<p>It’s another example of how billionaire Hui Ka Yan’s Evergrande has attracted backers willing to invest in the world’s most indebted developer during times of market stress. Hui has often counted on his tycoon friends, such as the group of magnates called theBig Two poker club, to buy when Evergrande’s shares and bonds were tumbling.</p>\n<p>“You do see the same names sort of cropping up” in Evergrande deals, said Nigel Stevenson, an analyst at GMT Research Ltd. in Hong Kong. He said social connections probably play an important role in many Evergrande transactions.</p>\n<p>Asia Orient, which didn’t respond to requests for comment, and its group firms are sitting on potential losses on Evergrande bond investments disclosed in the filing this week, according to data compiled by Bloomberg. For example, the company invested $39.7 million in Evergrande dollar bonds due 2023 at the end of September, when the notes were trading between 76 cents and 91 cents on the dollar. Those same bonds are now priced at around 58 cents.</p>\n<p>Evergrande’s bonds have tumbled over the past two months amid reports of rising regulatory scrutiny, missed payments to suppliers and increasingly wary banks. Earlier this week, at least four of Hong Kong’s largest lendersstoppedproviding mortgages to buyers of Evergrande’s unfinished apartments in the city.</p>\n<p>But Asia Orient and its affiliates have continued to buy, just as theydidduring Evergrande’s last liquidity crisis in the fall of 2020. The company and its unitssnapped up$43.5 million in Evergrande notes on June 8-9, according to an exchange filing. A group company bought $2.6 million of the bonds on June 18.</p>\n<p>Asia Orient is the parent of Asia Standard Hotel Group Ltd. and Asia Standard International Group Ltd., both of which are also listed in Hong Kong. The group has business in Hong Kong, Shanghai, Beijing and Vancouver. Poon’s sons, Poon Hai and Poon Yeung, and his brother-in-law, Clement Fung, allsiton Asia Orient’s board.</p>\n<p>Asia Standard Hotel and Asia Standard International didn’t respond to requests for comment.</p>\n<p>Asia Orient and its units have been accumulating Evergrande bonds since at least 2016, according to company reports.</p>\n<p>Investments accounted for most of Asia Orient’s recurring income, with listed debt securities making up 97% of its portfolio as of the end of September, according to a semi-annual report for the six months ended Sept. 30. Most of the issuers are mainland Chinese developers, including <a href=\"https://laohu8.com/S/01638\">KAISA GROUP</a> and <a href=\"https://laohu8.com/S/JYUAF\">JIAYUAN INTERNATIONAL GROUP LTD.</a>.</p>\n<p><i>— With assistance by Rebecca Choong Wilkins</i></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Secretive Developer Doubles Down on Money-Losing Evergrande Bet</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSecretive Developer Doubles Down on Money-Losing Evergrande Bet\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-23 13:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-07-23/secretive-developer-doubles-down-on-money-losing-evergrande-bet><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A little-known property company has been adding to its money-losing wager on China EVERGRANDE Group, amassing bond holdings with a face value of $1 billion despite growing fears of a default.\nAsia ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-07-23/secretive-developer-doubles-down-on-money-losing-evergrande-bet\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-07-23/secretive-developer-doubles-down-on-money-losing-evergrande-bet","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134708261","content_text":"A little-known property company has been adding to its money-losing wager on China EVERGRANDE Group, amassing bond holdings with a face value of $1 billion despite growing fears of a default.\nAsia Orient Holdings Ltd., led by secretive tycoon Poon Jing, disclosed its position in a Hong Kong exchange filing this week showing it and group firms had spent at least $230 million on Evergrande debt over the past year. Asia Orient added to holdings in the midst of a deep market selloff on June 9, while an affiliate made purchases about a week later.\nWith Evergrande bonds now trading near record lows, Poon’s company and its affiliates are sitting on unrealized losses on disclosed holdings.\nIt’s another example of how billionaire Hui Ka Yan’s Evergrande has attracted backers willing to invest in the world’s most indebted developer during times of market stress. Hui has often counted on his tycoon friends, such as the group of magnates called theBig Two poker club, to buy when Evergrande’s shares and bonds were tumbling.\n“You do see the same names sort of cropping up” in Evergrande deals, said Nigel Stevenson, an analyst at GMT Research Ltd. in Hong Kong. He said social connections probably play an important role in many Evergrande transactions.\nAsia Orient, which didn’t respond to requests for comment, and its group firms are sitting on potential losses on Evergrande bond investments disclosed in the filing this week, according to data compiled by Bloomberg. For example, the company invested $39.7 million in Evergrande dollar bonds due 2023 at the end of September, when the notes were trading between 76 cents and 91 cents on the dollar. Those same bonds are now priced at around 58 cents.\nEvergrande’s bonds have tumbled over the past two months amid reports of rising regulatory scrutiny, missed payments to suppliers and increasingly wary banks. Earlier this week, at least four of Hong Kong’s largest lendersstoppedproviding mortgages to buyers of Evergrande’s unfinished apartments in the city.\nBut Asia Orient and its affiliates have continued to buy, just as theydidduring Evergrande’s last liquidity crisis in the fall of 2020. The company and its unitssnapped up$43.5 million in Evergrande notes on June 8-9, according to an exchange filing. A group company bought $2.6 million of the bonds on June 18.\nAsia Orient is the parent of Asia Standard Hotel Group Ltd. and Asia Standard International Group Ltd., both of which are also listed in Hong Kong. The group has business in Hong Kong, Shanghai, Beijing and Vancouver. Poon’s sons, Poon Hai and Poon Yeung, and his brother-in-law, Clement Fung, allsiton Asia Orient’s board.\nAsia Standard Hotel and Asia Standard International didn’t respond to requests for comment.\nAsia Orient and its units have been accumulating Evergrande bonds since at least 2016, according to company reports.\nInvestments accounted for most of Asia Orient’s recurring income, with listed debt securities making up 97% of its portfolio as of the end of September, according to a semi-annual report for the six months ended Sept. 30. Most of the issuers are mainland Chinese developers, including KAISA GROUP and JIAYUAN INTERNATIONAL GROUP LTD..\n— With assistance by Rebecca Choong Wilkins","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5302387,"gmtCreate":1627017671355,"gmtModify":1663231364153,"authorId":4087294163975950,"author":{"id":4087294163975950,"idStr":"4087294163975950","authorId":4087294163975950,"name":"AnsonDW","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.08.09","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":175172603,"type":1,"supId":0,"prevId":0,"content":"Omg omg","text":"Omg omg","html":"Omg omg"}],"langContent":"EN"},{"id":175179474,"gmtCreate":1627017164398,"gmtModify":1703482530930,"author":{"id":"3583978426873835","authorId":"3583978426873835","name":"leekanghao","avatar":"https://static.tigerbbs.com/3c1122e49e06c919b85c00976e928d03","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3583978426873835","authorIdStr":"3583978426873835"},"htmlText":"Sell","listText":"Sell","text":"Sell","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/175179474","repostId":1134708261,"repostType":4,"repost":{"id":"1134708261","kind":"news","pubTimestamp":1627016816,"share":"https://ttm.financial/m/news/1134708261?lang=&edition=fundamental","pubTime":"2021-07-23 13:06","market":"hk","language":"en","title":"Secretive Developer Doubles Down on Money-Losing Evergrande Bet","url":"https://stock-news.laohu8.com/highlight/detail?id=1134708261","media":"Bloomberg","summary":"A little-known property company has been adding to its money-losing wager on China EVERGRANDE Group,","content":"<p>A little-known property company has been adding to its money-losing wager on&nbsp;China <a href=\"https://laohu8.com/S/03333\">EVERGRANDE</a>&nbsp;Group, amassing bond holdings with a face value of $1 billion despite growing fears of a default.</p>\n<p><a href=\"https://laohu8.com/S/AOTHF\">Asia Orient Holdings Ltd.</a>, led by secretive tycoon Poon Jing, disclosed its position in a Hong Kong exchange&nbsp;filing&nbsp;this week showing it and group firms had spent at least $230 million on Evergrande debt over the past year. Asia Orient added to holdings in the midst of a deep market selloff on June 9, while an affiliate made purchases about a week later.</p>\n<p>With Evergrande bonds now trading near record lows, Poon’s company and its affiliates are sitting on unrealized losses on disclosed holdings.</p>\n<p>It’s another example of how billionaire Hui Ka Yan’s Evergrande has attracted backers willing to invest in the world’s most indebted developer during times of market stress. Hui has often counted on his tycoon friends, such as the group of magnates called theBig Two poker club, to buy when Evergrande’s shares and bonds were tumbling.</p>\n<p>“You do see the same names sort of cropping up” in Evergrande deals, said Nigel Stevenson, an analyst at GMT Research Ltd. in Hong Kong. He said social connections probably play an important role in many Evergrande transactions.</p>\n<p>Asia Orient, which didn’t respond to requests for comment, and its group firms are sitting on potential losses on Evergrande bond investments disclosed in the filing this week, according to data compiled by Bloomberg. For example, the company invested $39.7 million in Evergrande dollar bonds due 2023 at the end of September, when the notes were trading between 76 cents and 91 cents on the dollar. Those same bonds are now priced at around 58 cents.</p>\n<p>Evergrande’s bonds have tumbled over the past two months amid reports of rising regulatory scrutiny, missed payments to suppliers and increasingly wary banks. Earlier this week, at least four of Hong Kong’s largest lendersstoppedproviding mortgages to buyers of Evergrande’s unfinished apartments in the city.</p>\n<p>But Asia Orient and its affiliates have continued to buy, just as theydidduring Evergrande’s last liquidity crisis in the fall of 2020. The company and its unitssnapped up$43.5 million in Evergrande notes on June 8-9, according to an exchange filing. A group company bought $2.6 million of the bonds on June 18.</p>\n<p>Asia Orient is the parent of Asia Standard Hotel Group Ltd. and Asia Standard International Group Ltd., both of which are also listed in Hong Kong. The group has business in Hong Kong, Shanghai, Beijing and Vancouver. Poon’s sons, Poon Hai and Poon Yeung, and his brother-in-law, Clement Fung, allsiton Asia Orient’s board.</p>\n<p>Asia Standard Hotel and Asia Standard International didn’t respond to requests for comment.</p>\n<p>Asia Orient and its units have been accumulating Evergrande bonds since at least 2016, according to company reports.</p>\n<p>Investments accounted for most of Asia Orient’s recurring income, with listed debt securities making up 97% of its portfolio as of the end of September, according to a semi-annual report for the six months ended Sept. 30. Most of the issuers are mainland Chinese developers, including <a href=\"https://laohu8.com/S/01638\">KAISA GROUP</a> and <a href=\"https://laohu8.com/S/JYUAF\">JIAYUAN INTERNATIONAL GROUP LTD.</a>.</p>\n<p><i>— With assistance by Rebecca Choong Wilkins</i></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Secretive Developer Doubles Down on Money-Losing Evergrande Bet</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSecretive Developer Doubles Down on Money-Losing Evergrande Bet\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-23 13:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-07-23/secretive-developer-doubles-down-on-money-losing-evergrande-bet><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A little-known property company has been adding to its money-losing wager on China EVERGRANDE Group, amassing bond holdings with a face value of $1 billion despite growing fears of a default.\nAsia ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-07-23/secretive-developer-doubles-down-on-money-losing-evergrande-bet\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-07-23/secretive-developer-doubles-down-on-money-losing-evergrande-bet","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134708261","content_text":"A little-known property company has been adding to its money-losing wager on China EVERGRANDE Group, amassing bond holdings with a face value of $1 billion despite growing fears of a default.\nAsia Orient Holdings Ltd., led by secretive tycoon Poon Jing, disclosed its position in a Hong Kong exchange filing this week showing it and group firms had spent at least $230 million on Evergrande debt over the past year. Asia Orient added to holdings in the midst of a deep market selloff on June 9, while an affiliate made purchases about a week later.\nWith Evergrande bonds now trading near record lows, Poon’s company and its affiliates are sitting on unrealized losses on disclosed holdings.\nIt’s another example of how billionaire Hui Ka Yan’s Evergrande has attracted backers willing to invest in the world’s most indebted developer during times of market stress. Hui has often counted on his tycoon friends, such as the group of magnates called theBig Two poker club, to buy when Evergrande’s shares and bonds were tumbling.\n“You do see the same names sort of cropping up” in Evergrande deals, said Nigel Stevenson, an analyst at GMT Research Ltd. in Hong Kong. He said social connections probably play an important role in many Evergrande transactions.\nAsia Orient, which didn’t respond to requests for comment, and its group firms are sitting on potential losses on Evergrande bond investments disclosed in the filing this week, according to data compiled by Bloomberg. For example, the company invested $39.7 million in Evergrande dollar bonds due 2023 at the end of September, when the notes were trading between 76 cents and 91 cents on the dollar. Those same bonds are now priced at around 58 cents.\nEvergrande’s bonds have tumbled over the past two months amid reports of rising regulatory scrutiny, missed payments to suppliers and increasingly wary banks. Earlier this week, at least four of Hong Kong’s largest lendersstoppedproviding mortgages to buyers of Evergrande’s unfinished apartments in the city.\nBut Asia Orient and its affiliates have continued to buy, just as theydidduring Evergrande’s last liquidity crisis in the fall of 2020. The company and its unitssnapped up$43.5 million in Evergrande notes on June 8-9, according to an exchange filing. A group company bought $2.6 million of the bonds on June 18.\nAsia Orient is the parent of Asia Standard Hotel Group Ltd. and Asia Standard International Group Ltd., both of which are also listed in Hong Kong. The group has business in Hong Kong, Shanghai, Beijing and Vancouver. Poon’s sons, Poon Hai and Poon Yeung, and his brother-in-law, Clement Fung, allsiton Asia Orient’s board.\nAsia Standard Hotel and Asia Standard International didn’t respond to requests for comment.\nAsia Orient and its units have been accumulating Evergrande bonds since at least 2016, according to company reports.\nInvestments accounted for most of Asia Orient’s recurring income, with listed debt securities making up 97% of its portfolio as of the end of September, according to a semi-annual report for the six months ended Sept. 30. Most of the issuers are mainland Chinese developers, including KAISA GROUP and JIAYUAN INTERNATIONAL GROUP LTD..\n— With assistance by Rebecca Choong Wilkins","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":175170331,"gmtCreate":1627017000823,"gmtModify":1703482528295,"author":{"id":"3584187545283295","authorId":"3584187545283295","name":"Chloe1","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3584187545283295","authorIdStr":"3584187545283295"},"htmlText":"Thanks for sharing&nbsp;","listText":"Thanks for sharing&nbsp;","text":"Thanks for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/175170331","repostId":1134708261,"repostType":4,"repost":{"id":"1134708261","kind":"news","pubTimestamp":1627016816,"share":"https://ttm.financial/m/news/1134708261?lang=&edition=fundamental","pubTime":"2021-07-23 13:06","market":"hk","language":"en","title":"Secretive Developer Doubles Down on Money-Losing Evergrande Bet","url":"https://stock-news.laohu8.com/highlight/detail?id=1134708261","media":"Bloomberg","summary":"A little-known property company has been adding to its money-losing wager on China EVERGRANDE Group,","content":"<p>A little-known property company has been adding to its money-losing wager on&nbsp;China <a href=\"https://laohu8.com/S/03333\">EVERGRANDE</a>&nbsp;Group, amassing bond holdings with a face value of $1 billion despite growing fears of a default.</p>\n<p><a href=\"https://laohu8.com/S/AOTHF\">Asia Orient Holdings Ltd.</a>, led by secretive tycoon Poon Jing, disclosed its position in a Hong Kong exchange&nbsp;filing&nbsp;this week showing it and group firms had spent at least $230 million on Evergrande debt over the past year. Asia Orient added to holdings in the midst of a deep market selloff on June 9, while an affiliate made purchases about a week later.</p>\n<p>With Evergrande bonds now trading near record lows, Poon’s company and its affiliates are sitting on unrealized losses on disclosed holdings.</p>\n<p>It’s another example of how billionaire Hui Ka Yan’s Evergrande has attracted backers willing to invest in the world’s most indebted developer during times of market stress. Hui has often counted on his tycoon friends, such as the group of magnates called theBig Two poker club, to buy when Evergrande’s shares and bonds were tumbling.</p>\n<p>“You do see the same names sort of cropping up” in Evergrande deals, said Nigel Stevenson, an analyst at GMT Research Ltd. in Hong Kong. He said social connections probably play an important role in many Evergrande transactions.</p>\n<p>Asia Orient, which didn’t respond to requests for comment, and its group firms are sitting on potential losses on Evergrande bond investments disclosed in the filing this week, according to data compiled by Bloomberg. For example, the company invested $39.7 million in Evergrande dollar bonds due 2023 at the end of September, when the notes were trading between 76 cents and 91 cents on the dollar. Those same bonds are now priced at around 58 cents.</p>\n<p>Evergrande’s bonds have tumbled over the past two months amid reports of rising regulatory scrutiny, missed payments to suppliers and increasingly wary banks. Earlier this week, at least four of Hong Kong’s largest lendersstoppedproviding mortgages to buyers of Evergrande’s unfinished apartments in the city.</p>\n<p>But Asia Orient and its affiliates have continued to buy, just as theydidduring Evergrande’s last liquidity crisis in the fall of 2020. The company and its unitssnapped up$43.5 million in Evergrande notes on June 8-9, according to an exchange filing. A group company bought $2.6 million of the bonds on June 18.</p>\n<p>Asia Orient is the parent of Asia Standard Hotel Group Ltd. and Asia Standard International Group Ltd., both of which are also listed in Hong Kong. The group has business in Hong Kong, Shanghai, Beijing and Vancouver. Poon’s sons, Poon Hai and Poon Yeung, and his brother-in-law, Clement Fung, allsiton Asia Orient’s board.</p>\n<p>Asia Standard Hotel and Asia Standard International didn’t respond to requests for comment.</p>\n<p>Asia Orient and its units have been accumulating Evergrande bonds since at least 2016, according to company reports.</p>\n<p>Investments accounted for most of Asia Orient’s recurring income, with listed debt securities making up 97% of its portfolio as of the end of September, according to a semi-annual report for the six months ended Sept. 30. Most of the issuers are mainland Chinese developers, including <a href=\"https://laohu8.com/S/01638\">KAISA GROUP</a> and <a href=\"https://laohu8.com/S/JYUAF\">JIAYUAN INTERNATIONAL GROUP LTD.</a>.</p>\n<p><i>— With assistance by Rebecca Choong Wilkins</i></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Secretive Developer Doubles Down on Money-Losing Evergrande Bet</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSecretive Developer Doubles Down on Money-Losing Evergrande Bet\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-23 13:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-07-23/secretive-developer-doubles-down-on-money-losing-evergrande-bet><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A little-known property company has been adding to its money-losing wager on China EVERGRANDE Group, amassing bond holdings with a face value of $1 billion despite growing fears of a default.\nAsia ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-07-23/secretive-developer-doubles-down-on-money-losing-evergrande-bet\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-07-23/secretive-developer-doubles-down-on-money-losing-evergrande-bet","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134708261","content_text":"A little-known property company has been adding to its money-losing wager on China EVERGRANDE Group, amassing bond holdings with a face value of $1 billion despite growing fears of a default.\nAsia Orient Holdings Ltd., led by secretive tycoon Poon Jing, disclosed its position in a Hong Kong exchange filing this week showing it and group firms had spent at least $230 million on Evergrande debt over the past year. Asia Orient added to holdings in the midst of a deep market selloff on June 9, while an affiliate made purchases about a week later.\nWith Evergrande bonds now trading near record lows, Poon’s company and its affiliates are sitting on unrealized losses on disclosed holdings.\nIt’s another example of how billionaire Hui Ka Yan’s Evergrande has attracted backers willing to invest in the world’s most indebted developer during times of market stress. Hui has often counted on his tycoon friends, such as the group of magnates called theBig Two poker club, to buy when Evergrande’s shares and bonds were tumbling.\n“You do see the same names sort of cropping up” in Evergrande deals, said Nigel Stevenson, an analyst at GMT Research Ltd. in Hong Kong. He said social connections probably play an important role in many Evergrande transactions.\nAsia Orient, which didn’t respond to requests for comment, and its group firms are sitting on potential losses on Evergrande bond investments disclosed in the filing this week, according to data compiled by Bloomberg. For example, the company invested $39.7 million in Evergrande dollar bonds due 2023 at the end of September, when the notes were trading between 76 cents and 91 cents on the dollar. Those same bonds are now priced at around 58 cents.\nEvergrande’s bonds have tumbled over the past two months amid reports of rising regulatory scrutiny, missed payments to suppliers and increasingly wary banks. Earlier this week, at least four of Hong Kong’s largest lendersstoppedproviding mortgages to buyers of Evergrande’s unfinished apartments in the city.\nBut Asia Orient and its affiliates have continued to buy, just as theydidduring Evergrande’s last liquidity crisis in the fall of 2020. The company and its unitssnapped up$43.5 million in Evergrande notes on June 8-9, according to an exchange filing. A group company bought $2.6 million of the bonds on June 18.\nAsia Orient is the parent of Asia Standard Hotel Group Ltd. and Asia Standard International Group Ltd., both of which are also listed in Hong Kong. The group has business in Hong Kong, Shanghai, Beijing and Vancouver. Poon’s sons, Poon Hai and Poon Yeung, and his brother-in-law, Clement Fung, allsiton Asia Orient’s board.\nAsia Standard Hotel and Asia Standard International didn’t respond to requests for comment.\nAsia Orient and its units have been accumulating Evergrande bonds since at least 2016, according to company reports.\nInvestments accounted for most of Asia Orient’s recurring income, with listed debt securities making up 97% of its portfolio as of the end of September, according to a semi-annual report for the six months ended Sept. 30. Most of the issuers are mainland Chinese developers, including KAISA GROUP and JIAYUAN INTERNATIONAL GROUP LTD..\n— With assistance by Rebecca Choong Wilkins","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":175147406,"gmtCreate":1627016975505,"gmtModify":1703482527807,"author":{"id":"3575447019432232","authorId":"3575447019432232","name":"angskk","avatar":"https://static.tigerbbs.com/14993a1ab2e959534763e33dc2415981","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3575447019432232","authorIdStr":"3575447019432232"},"htmlText":"Pls like and comment thks","listText":"Pls like and comment thks","text":"Pls like and comment thks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/175147406","repostId":1134708261,"repostType":4,"repost":{"id":"1134708261","kind":"news","pubTimestamp":1627016816,"share":"https://ttm.financial/m/news/1134708261?lang=&edition=fundamental","pubTime":"2021-07-23 13:06","market":"hk","language":"en","title":"Secretive Developer Doubles Down on Money-Losing Evergrande Bet","url":"https://stock-news.laohu8.com/highlight/detail?id=1134708261","media":"Bloomberg","summary":"A little-known property company has been adding to its money-losing wager on China EVERGRANDE Group,","content":"<p>A little-known property company has been adding to its money-losing wager on&nbsp;China <a href=\"https://laohu8.com/S/03333\">EVERGRANDE</a>&nbsp;Group, amassing bond holdings with a face value of $1 billion despite growing fears of a default.</p>\n<p><a href=\"https://laohu8.com/S/AOTHF\">Asia Orient Holdings Ltd.</a>, led by secretive tycoon Poon Jing, disclosed its position in a Hong Kong exchange&nbsp;filing&nbsp;this week showing it and group firms had spent at least $230 million on Evergrande debt over the past year. Asia Orient added to holdings in the midst of a deep market selloff on June 9, while an affiliate made purchases about a week later.</p>\n<p>With Evergrande bonds now trading near record lows, Poon’s company and its affiliates are sitting on unrealized losses on disclosed holdings.</p>\n<p>It’s another example of how billionaire Hui Ka Yan’s Evergrande has attracted backers willing to invest in the world’s most indebted developer during times of market stress. Hui has often counted on his tycoon friends, such as the group of magnates called theBig Two poker club, to buy when Evergrande’s shares and bonds were tumbling.</p>\n<p>“You do see the same names sort of cropping up” in Evergrande deals, said Nigel Stevenson, an analyst at GMT Research Ltd. in Hong Kong. He said social connections probably play an important role in many Evergrande transactions.</p>\n<p>Asia Orient, which didn’t respond to requests for comment, and its group firms are sitting on potential losses on Evergrande bond investments disclosed in the filing this week, according to data compiled by Bloomberg. For example, the company invested $39.7 million in Evergrande dollar bonds due 2023 at the end of September, when the notes were trading between 76 cents and 91 cents on the dollar. Those same bonds are now priced at around 58 cents.</p>\n<p>Evergrande’s bonds have tumbled over the past two months amid reports of rising regulatory scrutiny, missed payments to suppliers and increasingly wary banks. Earlier this week, at least four of Hong Kong’s largest lendersstoppedproviding mortgages to buyers of Evergrande’s unfinished apartments in the city.</p>\n<p>But Asia Orient and its affiliates have continued to buy, just as theydidduring Evergrande’s last liquidity crisis in the fall of 2020. The company and its unitssnapped up$43.5 million in Evergrande notes on June 8-9, according to an exchange filing. A group company bought $2.6 million of the bonds on June 18.</p>\n<p>Asia Orient is the parent of Asia Standard Hotel Group Ltd. and Asia Standard International Group Ltd., both of which are also listed in Hong Kong. The group has business in Hong Kong, Shanghai, Beijing and Vancouver. Poon’s sons, Poon Hai and Poon Yeung, and his brother-in-law, Clement Fung, allsiton Asia Orient’s board.</p>\n<p>Asia Standard Hotel and Asia Standard International didn’t respond to requests for comment.</p>\n<p>Asia Orient and its units have been accumulating Evergrande bonds since at least 2016, according to company reports.</p>\n<p>Investments accounted for most of Asia Orient’s recurring income, with listed debt securities making up 97% of its portfolio as of the end of September, according to a semi-annual report for the six months ended Sept. 30. Most of the issuers are mainland Chinese developers, including <a href=\"https://laohu8.com/S/01638\">KAISA GROUP</a> and <a href=\"https://laohu8.com/S/JYUAF\">JIAYUAN INTERNATIONAL GROUP LTD.</a>.</p>\n<p><i>— With assistance by Rebecca Choong Wilkins</i></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Secretive Developer Doubles Down on Money-Losing Evergrande Bet</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSecretive Developer Doubles Down on Money-Losing Evergrande Bet\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-23 13:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-07-23/secretive-developer-doubles-down-on-money-losing-evergrande-bet><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A little-known property company has been adding to its money-losing wager on China EVERGRANDE Group, amassing bond holdings with a face value of $1 billion despite growing fears of a default.\nAsia ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-07-23/secretive-developer-doubles-down-on-money-losing-evergrande-bet\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-07-23/secretive-developer-doubles-down-on-money-losing-evergrande-bet","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134708261","content_text":"A little-known property company has been adding to its money-losing wager on China EVERGRANDE Group, amassing bond holdings with a face value of $1 billion despite growing fears of a default.\nAsia Orient Holdings Ltd., led by secretive tycoon Poon Jing, disclosed its position in a Hong Kong exchange filing this week showing it and group firms had spent at least $230 million on Evergrande debt over the past year. Asia Orient added to holdings in the midst of a deep market selloff on June 9, while an affiliate made purchases about a week later.\nWith Evergrande bonds now trading near record lows, Poon’s company and its affiliates are sitting on unrealized losses on disclosed holdings.\nIt’s another example of how billionaire Hui Ka Yan’s Evergrande has attracted backers willing to invest in the world’s most indebted developer during times of market stress. Hui has often counted on his tycoon friends, such as the group of magnates called theBig Two poker club, to buy when Evergrande’s shares and bonds were tumbling.\n“You do see the same names sort of cropping up” in Evergrande deals, said Nigel Stevenson, an analyst at GMT Research Ltd. in Hong Kong. He said social connections probably play an important role in many Evergrande transactions.\nAsia Orient, which didn’t respond to requests for comment, and its group firms are sitting on potential losses on Evergrande bond investments disclosed in the filing this week, according to data compiled by Bloomberg. For example, the company invested $39.7 million in Evergrande dollar bonds due 2023 at the end of September, when the notes were trading between 76 cents and 91 cents on the dollar. Those same bonds are now priced at around 58 cents.\nEvergrande’s bonds have tumbled over the past two months amid reports of rising regulatory scrutiny, missed payments to suppliers and increasingly wary banks. Earlier this week, at least four of Hong Kong’s largest lendersstoppedproviding mortgages to buyers of Evergrande’s unfinished apartments in the city.\nBut Asia Orient and its affiliates have continued to buy, just as theydidduring Evergrande’s last liquidity crisis in the fall of 2020. The company and its unitssnapped up$43.5 million in Evergrande notes on June 8-9, according to an exchange filing. A group company bought $2.6 million of the bonds on June 18.\nAsia Orient is the parent of Asia Standard Hotel Group Ltd. and Asia Standard International Group Ltd., both of which are also listed in Hong Kong. The group has business in Hong Kong, Shanghai, Beijing and Vancouver. Poon’s sons, Poon Hai and Poon Yeung, and his brother-in-law, Clement Fung, allsiton Asia Orient’s board.\nAsia Standard Hotel and Asia Standard International didn’t respond to requests for comment.\nAsia Orient and its units have been accumulating Evergrande bonds since at least 2016, according to company reports.\nInvestments accounted for most of Asia Orient’s recurring income, with listed debt securities making up 97% of its portfolio as of the end of September, according to a semi-annual report for the six months ended Sept. 30. Most of the issuers are mainland Chinese developers, including KAISA GROUP and JIAYUAN INTERNATIONAL GROUP LTD..\n— With assistance by Rebecca Choong Wilkins","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5302646,"gmtCreate":1627020647292,"gmtModify":1663231365336,"authorId":4088740761321260,"author":{"id":4088740761321260,"idStr":"4088740761321260","authorId":4088740761321260,"name":"Yingss","avatar":"https://static.tigerbbs.com/894d139a4a25cb23d0d187e213ac0a10","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-1","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Elite Trader","description":"Total number of securities or futures transactions reached 30","bigImgUrl":"https://static.tigerbbs.com/ab0f87127c854ce3191a752d57b46edc","smallImgUrl":"https://static.tigerbbs.com/c9835ce48b8c8743566d344ac7a7ba8c","grayImgUrl":"https://static.tigerbbs.com/76754b53ce7a90019f132c1d2fbc698f","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.29","exceedPercentage":"60.16%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":175147406,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":70,"commentSize":7,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}