China’s ‘Lehman Moment’ – The Black Swan Has Landed: Evergrande Hires Bankruptcy Advisors As Furious Investors Protest Imminent Default
It took Evergrande less than a day to go from denying “rumors” of bankruptcy (as per a statement posted on its website earlier today), to confirming that a bankruptcy is imminent. In a filing on the Hong Kong stock exchange on Tuesday, Evergrande which was busy trying to convince angry Chinese mobs that they will … Read more