The clock is ticking for China’s most indebted developer to find a way out of a looming credit crunch.This month alone, China Evergrande Group has endured multiple credit-rating downgrades that sent its stock and bonds tumbling, only to see them recover briefly after it confirmed talks to sell some prized assets and as creditors extended liquidity relief to help it pay overdue bills.Here’s a look at other key events over the past few months that have sent Evergrande investors on a wild ride…
Source : South China Morning Post
Read more…Dealing with debt: a time line of how Hui Ka-yan’s Evergrande landed back in crisis mode with the world’s heaviest debt load
