China Evergrande Scrapes Together More Cash From Tech Company Stake Sale

📆 09/11/2021 07:45:00
📰 WSJ

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Troubled property giant China Evergrande sold a roughly 5.7% stake in Hong Kong-listed HengTen Networks over the last three trading days, raising $145 million

Evergrande, China’s most indebted property developer, has kept global markets on edge and sparked protests at home as it struggles to survive. WSJ explains why the company’s crisis is raising questions about the state of the world’s second-largest economy.

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If Evergrande does not die, China's economic structure will not become healthy

Is it enough to pay the bills.... eventually Mother Hubbards cupboard will be bare xx

Just like a game of Monopoly!

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