China’s Evergrande & Its Units Suspend Trading in Hong Kong
Mar 21, 2022 10:29:16 GMT -5
Post by schwartzie on Mar 21, 2022 10:29:16 GMT -5
China’s Evergrande and Its Units Suspend Trading in Hong Kong
By Joe Hoft
Published March 21, 2022 at 9:30am
As we’ve reported for months, the world’s largest debtor, Evergrande, is going bust. Today the firm suspended trading in Hong Kong.
Zerohedge reported late Sunday night in the US:
We’ve been reporting on Evergrande for months. At one time the owner of Evergrande was the richest man in Asia and one investor was the richest woman in Hong Kong.
The company was the most indebted company in the world. It was a major component of the China economy. The local governments got involved in the property market and now they have trillions of debt.
Evergrande grew quickly and borrowed along the way.
Continued at link
By Joe Hoft
Published March 21, 2022 at 9:30am
As we’ve reported for months, the world’s largest debtor, Evergrande, is going bust. Today the firm suspended trading in Hong Kong.
Zerohedge reported late Sunday night in the US:
We’ve been reporting on Evergrande for months. At one time the owner of Evergrande was the richest man in Asia and one investor was the richest woman in Hong Kong.
The company was the most indebted company in the world. It was a major component of the China economy. The local governments got involved in the property market and now they have trillions of debt.
Evergrande grew quickly and borrowed along the way.
Continued at link
