BREAKING: Hong Kong’s Evergrande, With Its Huge China Real Estate Portfolio, Has Trading Halted As Its Debt Crisis Escalates
The Evergrande saga continues. On Monday trading for Evergrande stock was halted in Hong Kong.
We’ve reported on the Hong Kong behemoth Evergrande that has been going under for a month. Today, despite numerous attempts to revive the company, the end appears near.
On September 9, 2021, we first reported on the pending Evergrande collapse and what it will mean to the China economy.
This company is a massive entity with reportedly the largest amount of debt of any company in the world. The problem is the company cannot pay its debt.
