Today China Evergrande Group, giant of the real estate market, formalized net losses of 14.8 billion dollars (over 13 billion euros) in 2022. An issue that also closely concerns Suning, owner of Inter. “In 2017, Zhang Jindong had advanced capital to Evergrande for 20 billion yuan (about 2.6 billion euros), subscribing class A shares of Evergrande Real Estate (also known as Hengda Real Estate) destined for listing on the stock exchange, with the promise of strong dividends”, recalls Calcio e Finanza.
2023-07-17 18:50:55
#Evergrande #closes #budget #red #billion #euros #Suning #exposed #billion
