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Evergrande collapse

Change the lyrics 'evergreen to 'ever grande'.

 
SINGAPORE: It narrowly averted a cash crunch last year but Evergrande, one of China’s biggest real estate developers, is now teetering on the brink of bankruptcy again.

The cash-strapped property titan has warned that it may not be able to meet its staggering debts of more than US$300 billion – an amount that makes it the world’s most indebted real estate company.
 

Trading in shares of China Evergrande, units halted​


Xi Jin Peng spent too much money on his gay partner Putin and no money to help Evergrande?

HONG KONG: Share of embattled property developer China Evergrande Group were suspended from trading on Monday (Mar 21), a filing from the Hong Kong stock exchange showed.

Trading was also halted in shares of its property services unit, Evergrande Property Services Group Ltd, and electric vehicle unit, China Evergrande New Energy Vehicle Group Ltd, exchange filings showed.
 
Did Temasek get burnt? Is 9% GST enough to recoup the losses? :biggrin:

"Temasek Bet on China Tech Firms Just Before Share Plunge"

 
all the big fish that benefitted from evergrande long disappeared loh.......
pay few hundred millions sure can find scapegoats
 
Evergrande was a scam which many believed in, especially those foreigners who invested in their debt. Now chinese companies will find it very difficult to raise cash eith Alipay curtailed and only financers are state owned big banks.
 
Evergrande - Tether - BTC - USD - BlackRock - Vanguard - Rio Tinto - BHP. They all link.
 
Did Temasek get burnt? Is 9% GST enough to recoup the losses? :biggrin:

"Temasek Bet on China Tech Firms Just Before Share Plunge"


It was a Looong term investment. You peasants won't understand one lah. :cool:
 
Did Temasek get burnt? Is 9% GST enough to recoup the losses? :biggrin:

"Temasek Bet on China Tech Firms Just Before Share Plunge"


Always a pleasure to see Haslinda rub it in to Singapore's face.
It's her way of saying next time don't be racist.
 
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