Investors are once again waiting for an update on failing Chinese developer Evergrande as the impact hit the markets, according to Sky News business reporter Edward Boyd.

Trading of Evergrande’s shares was halted on Monday and is ongoing as more debt payments are due.

The company will need to pay a total of almost US$600 million by the end of the year in various instalments.

Evergrande is also attempting to sell subsidiaries companies and hoping to get $5 billion.

Recommended Posts

No comment yet, add your voice below!


Add a Comment

Your email address will not be published. Required fields are marked *