UPDATE: Employees in China held hostage by angry investors…

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Discontent from retail investors in Evergrande is reportedly escalating with the latest hostage situation where the troubled property giant’s employees have been held captive in a management office.

Following reports of weekend protests which escalated to the storming of Evergrande’s headquarters, investors have now resorted to holding its management hostage, according to a «Straits Times» report citing social media posts.

«I have with me Nanchang’s top Evergrande representative surnamed Chen,» said Yang Qiwen in a WeChat group, referring to a city in the southeast province of Jiangxi. «He can’t leave the office. There are more than 300 of us [investors] stopping him.»

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