China Evergrande Group’s shares and bonds sank to a four-month low after a speculative attack on its financial standing, amid concern that the world’s most indebted property developer may be overwhelmed by its borrowings.The Shenzhen-based developer, with 835.5 billion yuan (US$122 billion) of debt as of June 30, must repay 15 per cent of its borrowings by January 31 if it doesn’t secure regulatory approval for its plan to take over Shenzhen Special Economic Zone (SEZ) Real Estate & Properties…
Source : South China Morning Post
Read more…Evergrande rues speculative attack amid cash woes ahead of January 31 deadline while takeover plan remains stuck















