Asia Roundup
Evergrande Liquidators Seek $8.4 Billion From PwC in Hong Kong Court
China Evergrande’s liquidators are seeking CNY 57 billion (USD 8.4 billion) in their lawsuit against PricewaterhouseCoopers International and its mainland China and Hong Kong affiliates, Bloomberg reported.
PwC International is looking to extricate itself from the case, which originally focused only on the affiliates, and strike out liquidators’ claims against it. Even if that effort succeeds, liquidators could still pursue the case against the local entities.
Adani Group Plans $5.25 Billion Debt Refinancing Including Ambuja Deal-Linked Loans
Adani Group is preparing to refinance nearly USD 5.25 billion of debt obligations until 2027, including offshore bond repayments and a large acquisition financing facility linked to the Ambuja Cements and ACC deal, Moneycontrol reported, citing documents and people familiar with the matter.
Bankers said any meaningful progress towards a settlement with the US Securities Exchange Commission (SEC) could improve lender sentiment, reduce compliance concerns and potentially widen the pool of global institutions willing to participate in future refinancing exercises.
Acrostics Asia wrote on 16 May 2026:
💼 Brief Take: Adani’s US Break
It’s unclear if Adani would follow through with a proposed USD 10 billion investment in the US, but it’s a headline number that can be hailed by Trump as a “win” for the Americans. Meanwhile, the easing legal overhang should pave the way for Adani’s conglomerate to get back on its fundraising trajectory.
VinFast Seeks to Shed Most Debt With Vietnam Factory Spinoffs
VinFast Auto said its planned sale of two Vietnamese factories will enable the electric vehicle maker to shed about VND 182 trillion (USD 6.9 billion) in debt and obligations while potentially speeding its path toward profitability, Bloomberg reported.
“After restructuring, VinFast will essentially be debt-free, with only a small amount remaining,” the company said.
Indonesia Roundup
Indonesia Rupiah Hits New Record Low
The Indonesian rupiah slid to a fresh record low as stocks slumped and global oil prices hit two-week highs, while the president said the economy was strong and the currency’s slide would not affect villagers because they did not use dollars, Reuters reported via CNA.
The rupiah fell more than 1% to a record low of 17,668 a dollar in early Monday trading.
On Saturday, President Prabowo Subianto spoke about the rupiah’s weakness at two events during a visit to East Java province, both times saying that villagers were not affected by it because they don’t transact in US dollars.
Anglo to Sell Australia Coking Coal Mines for $3.88 Billion
Anglo American agreed to sell its steelmaking coal mines in Australia to Dhilmar for as much as $3.88 billion in cash, as the mining company continues to reshape its business, Bloomberg reported.
Dhilmar is led by Alexander Ramlie, an Indonesian former investment banker who was part of the Amman Mineral Internasional consortium which bought a large copper mine in the Southeast Asian country from Newmont Mining Corp.
Acrostics Asia is an independent credit intelligence provider that delivers forward-looking insights across Asian sovereigns, private credit and restructurings.