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Published 3 months ago

Are you afraid that Evergrande, Lai Chaomei, will be frozen the guarantor Bank of China's $700 billion overseas capital? Evergrande's winding-up hearing postponed again

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Newtalk newspaper The winding-up hearing for Chinese real estate giant Evergrande was postponed again on Monday. This is the seventh time the hearing has been postponed. The winding-up hearing has been postponed again until January 29 next year. As soon as the news broke, Evergrande's stock price swelled by 13%, reversing an earlier decline, and the negotiations between the creditors' and Evergrande reached an impasse. “Liquidation has no benef…
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