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.
Tag: evergrande crisis
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.
Evergrande investors are facing huge losses.