**Hubei court freezes US$2.33 billion worth of assets amid restructuring talks** .
**Hubei court freezes US$2.33 billion worth of assets amid restructuring talks**.
**SHANGHAI, Jan 11 (Reuters) – A court in China’s Hubei province has frozen 15.3 billion yuan ($2.33 billion) worth of assets belonging to China Evergrande Group, the troubled property developer said on Tuesday, as it undergoes a major restructuring.**.
**The move comes as Evergrande, once China’s top-selling developer, grapples with more than $300 billion worth of liabilities and struggles to repay its debts.**.
**In a filing to the Hong Kong stock exchange, Evergrande said the freeze was ordered by the Intermediate People’s Court of Hubei Province on Dec. 30, 2021, and that the affected assets included land use rights, buildings and bank deposits.**.
**It did not provide further details on the reasons for the freeze or the specific projects affected.**.
**Evergrande is currently in talks with creditors and potential investors to restructure its massive debt pile. The company has missed several bond payments and has been downgraded by credit rating agencies to .
