Evergrande Moves Closer To The Abyss

Evergrande Moves Closer To The Abyss

Update: On Friday, Evergrande reportedly paid the $83.5 million bond interest referenced below Evergrande was back in focus on Thursday. Not that it ever drifted too far from market participants' minds. It just needed to cede the spotlight for a few days so China's other crises could garner their share of this week's headlines. Earlier this month, reports suggested Guangdong-based Hopson Development Holdings planned to acquire a 51% stake in Evergrande’s property-services unit. All associ
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