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Speculation continues over fate of property giant Evergrande | The World
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The uncertainty over the fate of property giant Evergrande persists. China's top-selling developers is facing one of the country's largest-ever defaults, as it wrestles with more than $300 billion of debt.
The company was placed in a trading halt yesterday, with investors abuzz with speculation of a partial sale that could raise as much as $5 billion. Bloomberg reporter, Rebecca Choong Wilkins, says it’s a step toward tying up loose ends.
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The company was placed in a trading halt yesterday, with investors abuzz with speculation of a partial sale that could raise as much as $5 billion. Bloomberg reporter, Rebecca Choong Wilkins, says it’s a step toward tying up loose ends.
ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It's news when you want it, from Australia's most trusted news organisation.
Note: In most cases, our captions are auto-generated.
#ABCNews #ABCNewsAustralia
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