China Evergrande must meet its target of delivering 39,000 units of apartments in December, says the firm's chairman t.co/puDQfbvD2J
— Bloomberg (@business) December 27, 2021
#China confirmed to be going down into crisis. Chinese property stocks tumbled close to a new five-year low after a series of asset sales underscored concern that equity investors will bear the brunt of losses as developers offload projects to repay debt.t.co/oLtkWaNS3b
— Satya~ 🇮🇳 (@bhaskar1117) December 27, 2021
— Rick Bueter (@RickBueter) December 27, 2021
#evergrande is finally bankrupt! Start spreading the news. China to collapse!
— Do Kwon 🌕 (@stablkwon) December 26, 2021
Evergrande's bondholders may soon be short another $255 million as the developer focuses on delivering homes and paying workers instead. Here's the latest on the embattled property giant t.co/ybD88IJezs
— Bloomberg (@business) December 28, 2021
EVERGRANDE HAS BEEN NATIONALISED BY CHINESE AUTHORITIES. International Debt Providers Face Wipeout.
Troubled property developer China Evergrande Group said construction work has resumed at more than 90% of its stalled residential projects t.co/Af141sUm4Z
— The Wall Street Journal (@WSJ) December 28, 2021
h/t Digital mix guy