Evergrande Collapse: Stock Plummets on Hong Kong Exchange as Debts Deepen
Evergrande collapses on the Hong Kong stock exchange (-25.45% to 0.41 Hk dollars) after declaring in a file on the stock exchange of the former British colony that, in view of the investigation by Hengda Real Estate Group, its main domestic subsidiary, “was unable to meet the requirements for issuing new bonds.” Evergrande’s unit had … Read more