[ad_1] When the troubled Chinese language property big Evergrande was starved for money earlier this yr, it turned to its personal staff with a strong-arm pitch: Those that wished to maintain their bonuses must give Evergrande a short-term mortgage. Some employees tapped their family and friends for cash to lend to the corporate. Others borrowed … Read more
[ad_1] The boss of a Shanghai-based property developer misplaced greater than a billion {dollars} Monday, as fears over the potential collapse of Chinese language actual property big Evergrande despatched panic throughout Hong Kong buying and selling flooring. Zhang Yuanlin, chairman of Sinic Holdings Group, noticed his web value drop from $1.3 billion Monday morning to … Read more
[ad_1] By Shen Hong, Enda Curran and Sofia Horta e Costa Protests intensify at China Evergrande Group places of work throughout the nation because the developer falls additional behind on guarantees to greater than 70,000 buyers. Development of unfinished properties with sufficient flooring house to cowl three-fourths of Manhattan grinds to a halt, leaving greater … Read more