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Transcripts For BBCNEWS Asia 20240705

you think they will be able to get their money back? i think that for the get their money back? i think that for the maiden get their money back? i think that for the maiden - get their money back? i think. that for the maiden majored that for the maiden majored that for the maiden majored that holder, the bond order should be, to be honest, we expect this bond order can still only recover approximately 2% or 3% of the liquidation scenario and currently the bond issued by grand, by a currently the bond issued by grand, bya grant, trading at2 cents of grand, bya grant, trading at 2 cents of the dollar. at this point we believe the most valuable assets owned by ever grand 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 onshore assets. ~ ., ., recover anything from onshore assets. ~ . ., , assets. what are the broader i ....

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Transcripts For MSNBCW Morning 20240705



that action can overcome partisan division. serbia is taking swift action on gun violence not a progressive country, by the way. just two mass shootings in may that left seven dead and 21 injured, serbia took action. it has the third largest rate of gun ownership in the world, and it pushed through new laws with near unanimous support despite deep political divides. joining us now with more nbc news chief foreign correspondent richard engel. richard, how were they able to get this done? reporter: well, the secret is it wasn t even that difficult. there were these two mass shootings last month. they were extremely rare. people were outraged. they took to the streets. but they weren t just dismissed as tragedies, dismissed as part of a problem that is too difficult to confront. the people got together. the government got together. lawmakers from a variety of political parties put their differences aside, and they radically changed the entire country s relationsh ....

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Transcripts For BBCNEWS Asia 20240705



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 k ....

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Transcripts For BBCNEWS Asia 20240705

think that for the major back order, the secured lender, the bond order should be the one of the optional creditors but to be honest it s suspected the bond order could only recover 2% to 3% under liquidation scenario and currently the bonds issued by evergrande are also trading at around up to 2 cents to the dollar, we believe that the most viable assets by evergrande are offshore assets which include the shares of the properties of electric vehicles divisions. meanwhile we think that it divisions. meanwhile we think thatitis divisions. meanwhile we think that it is virtually impossible to recover anything on the onshore assets. to recover anything on the onshore assets. what are the broader implications - onshore assets. what are the broader implications for - onshore assets. what are the broader implications for the l broader implications for the industry from liquidation? actually, evergrande is the first one, the first developer, the first large developer that is ordere ....

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Transcripts For BBCNEWS Asia 20240705



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 ....

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