Evergrande lenders appoint receiver to seize Hong Kong HQ – sources

Crisis at debt-laden Chinese property developer deepens in wake of default last year and failure to sell building

Lenders to the struggling Chinese developer Evergrande Group have appointed a receiver to seize its Hong Kong headquarters, two sources have said, as the world's most indebted developer struggles to emerge from its debt crisis.

Evergrande is saddled with more than $300bn (260bn) in liabilities and has been kept alive by a government-run rescue operation since it defaulted on $22.7bn of overseas debts in December last year.