Chinese language property magnate loses $1 billion in Evergrande panic

Chinese language property magnate loses $1 billion in Evergrande panic

[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