China Evergrande slides below 2009 IPO price after Fitch downgrade

September 08, 2021 10:22 AM

HONG KONG (BLOOMBERG) – China Evergrande Group shares fell below their 2009 initial public offering price after a second credit-rating downgrade in as many days boosted concern the developer will default on its debt.

Source : http://www.straitstimes.com/business/property/china-evergrande-slides-below-2009-ipo-price-after-fitch-downgrade