Evergrande’s second-biggest shareholder, Chinese Estates Holdings, is selling its entire 6.5% stake in Evergrande with a loss of about $1.2 Billion.
Month: September 2021
There is speculation that the CCP will take control and restructure Evergrand.
Who are Evergrande’s biggest Bondholders and can they afford a significant loss from their Evergrande investments? Is a 1% portfolio exposure that big a deal?
Banks have been advised that Evergrande will miss loan payments by China’s Housing Ministry.
Evergrande is repaying debt with property, including apartments and carparks.
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Mortage stress soars and while it might not lead to a house market crash, it will certainly impact the 2022 Election.
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Melburnians are Abandoning the City
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Evergrande investors are facing huge losses.
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