Evergrande: The rise and fall of China’s property giant

2021-12-09

December 10, 2021 8:30 AM

BEIJING (AFP) – Chinese real estate behemoth Evergrande on Thursday defaulted on its debt, said the Fitch Ratings agency, which cited the crisis-hit developer’s failure to make repayments on more than US$1.2 billion (S$1.6 billion) in US dollar bonds.

Source : http://www.straitstimes.com/business/property/evergrande-the-rise-and-fall-of-chinas-property-giant

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Evergrande: The rise and fall of China’s property giant

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