Evergrande On the BRINK: INDEBTED Property Developer Due to Debt Default Next Week – as Staunchest Allies DITCH Shares (Report)
China Evergrande Group has debt due next week. Chinese authorities have already warned banks Evergrande CANNOT pay these obligations, the world most
China Evergrande Group has debt due next week. Chinese authorities have already warned banks Evergrande CANNOT pay these obligations, the world most
indebted property developer currently buried under a crushing debt of over $300bn. (Barrons)
On Tuesday, Evergrande said its property sales will likely drop significantly in September after declining for months, exacerbating dire cash flow problems even further - its stock
On Tuesday, Evergrande said its property sales will likely drop significantly in September after declining for months, exacerbating dire cash flow problems even further - its stock
price and market value has plunged by an incredible 85% in the past year.
Two of the property developer’s previously most-loyal investors, Joseph Lau Luen-hung, the founder of HK Chinese Estate Holdings Ltd and his wife have sold a whopping 138 MILLION Evergrande shares in
Two of the property developer’s previously most-loyal investors, Joseph Lau Luen-hung, the founder of HK Chinese Estate Holdings Ltd and his wife have sold a whopping 138 MILLION Evergrande shares in
the past month, according to exchange filings – adding more fuel to the already sizeable liquidity-crisis fire.
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