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Evergrande Drama ...

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  1. #181
    Quote Originally Posted by traineeinvestor:
    Trading suspended this morning for "reasons unknown".
    Seems they were given 10 days to destroy 39 'illegal' buildings - rather than selling them to raise cash...

    https://www.cls.cn/detail/907064
    shri and JAherbert like this.

  2. #182

    Join Date
    Sep 2019
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    JAherbert and shri like this.

  3. #183

    Join Date
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    Quote Originally Posted by Elefant&Castle:
    Seems they were given 10 days to destroy 39 'illegal' buildings - rather than selling them to raise cash...

    https://www.cls.cn/detail/907064
    .....the company is now ordered to demolish the above-mentioned illegal buildings within 10 days. If the demolition is not overdue, the law enforcement bureau will organize the demolition in accordance with the law. The reporter verified that the document was true.
    seems very determined for these buildings to be demolished, but no mention of the environmental impact

  4. #184

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    environmental impact + china = does not compute

    JAherbert likes this.

  5. #185

    Any light at the end of the tunnel yet?


  6. #186

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    Apart from the oncoming train?

    periphery831 and huja like this.

  7. #187

    Great location - but looks like the usual cluster of towers they are putting up everywhere.

    https://youtu.be/KzqWphqVmE0

    JAherbert likes this.

  8. #188

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    Slight issue with risks at some banks..

    Minsheng has about 130 billion yuan (US$20 billion) of exposure to high-risk developers, amounting to 27% of its so-called tier-1 capital, the most among big Chinese lenders, Citigroup Inc. analysts estimated in a September research report. The bank will need years to work through its bad debt problem and a capital injection from a stronger rival can’t be ruled out, said Shen Meng, director at Chanson & Co., a Beijing-based boutique investment bank.

    “The pursuit of high growth and returns to its private shareholders pushed the bank to take on lots of high-risk investments,” Shen said.
    https://ph.news.yahoo.com/worlds-wor...-054243956.htm

  9. #189

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    chairman planned to build huge mansion in Hong Kong

    https://twitter.com/Tabby_Kinder/sta...45632298627073

    AsianXpat0 likes this.

  10. #190

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    Saw that last night on the FT but kept looking for another source to validate this.. As the headline conflicts from the text of the article.

    Seizes vs Taking Steps... If I read this correctly.

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