The Ocean Flower Island (Sea Flower Island) in Danzhou, Hainan, built by Evergrande. Photo: Shutterstock
The Ocean Flower Island (Sea Flower Island) in Danzhou, Hainan, built by Evergrande. Photo: Shutterstock

Evergrande creditors have more cause for concern amid reports some of its Hainan developments need to be demolished

  • The buildings set to be demolished, according to the reported order, are part of the Ocean Flower Island No2 complex
  • The Hainan troubles add to the already grave woes of the world’s most indebted real estate developer as it seeks a way out of debt crisis

Topic |   China Evergrande Group
The Ocean Flower Island (Sea Flower Island) in Danzhou, Hainan, built by Evergrande. Photo: Shutterstock
The Ocean Flower Island (Sea Flower Island) in Danzhou, Hainan, built by Evergrande. Photo: Shutterstock
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