Evergrande investors face 75% hit as company edges closer to restructure

  • 📰 The Guardian
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 53%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Analysts say massively indebted China property group likely to be dismantled to avoid triggering market-wide panic

Photograph: Bobby Yip/ReutersPhotograph: Bobby Yip/ReutersThe troubled Chinese property group Evergrande has edged closer to a government-engineered restructuring which could see bondholders take huge losses as Beijing’s price for saving millions of homeowners from financial ruin.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Like Channel 4 Bad Banks. Follow the junk.

davemcclure $305bn 👀

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 84. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines