Evergrande shares sink to 11-year low after firm says no guarantee it can meet repayments

December 06, 2021 10:18 AM

HONG KONG (REUTERS) – Shares of China Evergrande Group tumbled 12 per cent to an 11-year low on Monday (Dec 6) after the firm said there was no guarantee it would have enough funds to meet debt repayments, prompting Chinese authorities to summon its chairman.

Source : http://www.straitstimes.com/business/property/evergrande-shares-sink-to-11-year-low-after-firm-says-no-guarantee-it-can-meet