Evergrande’s $148M Payment Shaky, Company On Edge Of Default

Wednesday, 10 November 2021

Source: Cryptovibes.com & Daily Cryptocurrency and FX News

Author: John Wanguba

Source Tags: FX Industry, Business, China, China Evergrande Group, debt, default, Investment, Market, Real estate, Stock Market

Sentiment: Negative Estimated reading: 4 minutes

Summary

Summary Evergrande was due to pay a $148 mln bond coupon on Wednesday Shares of developer Fantasia plunge 50% after missing payment S&P downgrades Shimao Group to “BB+” from “BBB-“ Amid growing concerns about a liquidity squeeze in the property sector, cash-strapped China Evergrande Group (3333. HK) teetered again on the precipice of default as […]