China Evergrande Group issued a dire assessment of its financial health, saying it faces “tremendous” liquidity strains and has hired advisers for what could be one of the country’s largest-ever debt restructurings.
The appraisal was Evergrande’s most downbeat since market confidence in the developer began deteriorating in May, and followed a spate of protests over the past week by angry homebuyers, retail investors and employees demanding that the company make good on its obligations.
https://news.google.com/__i/rss/rd/articles/CBMiaGh0dHBzOi8vd3d3LmJsb29tYmVyZy5jb20vbmV3cy9hcnRpY2xlcy8yMDIxLTA5LTE0L2V2ZXJncmFuZGUtaGlyZXMtYWR2aXNlcnMtdG8tYXNzZXNzLWNhcGl0YWwtc3RydWN0dXJl0gEA?oc=5
2021-09-14 00:11:00Z
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