do you think they will be able to get their money back? i think that for the major debt holder, the bond order should be, to be honest, we expect this bond order can still only recover approximately 2% or 3% under liquidation scenario and currently the bond issued by evergrande is only trading at 2 cents of the dollar. at this point we believe the most valuable assets owned by evergrande are still in offshore assets which include the share of the publicly serviced and other electric vehicle divisions. meanwhile we think it is virtually impossible to recover anything from its onshore assets. what are the broader implications for the industry from evergrande s liquidation? actually, evergrande is the first developer, first large developer that has been ordered to liquidate. if you look at the previous example, we also saw that the government between hong kong and mainland china china has unusual recognition for insolvency proceedings. so in theory, liquidators from hong kong sh
you think they will be able to get their money back? i think that apart get their money back? i think that apart from get their money back? i think that apart from the get their money back? i think that apart from the secure i that apart from the secure lender, this should be the one offshore creditors, but to be honest, we expect these bondholders can still on the recover approximately 2% to 3% in a liquidation scenario. currently, by also trading around one to 2 cents on the dollar. so at this point, we believe that the most valuable assets owned by ever grand are still the offshore ones, including the share of the publicly serviced division. so meanwhile, we think that it is virtually impossible to recover anything from its onshore assets. ~ ., anything from its onshore assets. ., ., anything from its onshore assets. ~ . ., , assets. what are the broader implications assets. what are the broader implications for assets. what are the broader implications for the -
soon, president biden will welcome south korea s president to the white house ahead of a critical meeting. biden and president yoon suk-yeol set to roll out a new plan to boost u.s. and south korean cooperation amid north korea s escalating threats. our correspondents are covering this meeting from washington to korea. cnn s arlette saenz is joining us from the white house. cnn s jeff zeleny is in washington, d.c. for us and paula hancocks is live from seoul, south korea. let us start with arlette. can you tell us what is happening at this hour? we heard the band playing the last time we spoke to you not too long ago. what s going on there now? sarah, any minute now we are expecting south korean president yoon arriving at the white house setting off the pomp and circumstance that president biden is holding for him, but it also comes as the two leaders are set to announce a significant agreement when it comes to efforts to try to deter north korea s nuclear capabilit