Chairman Hui Ka-yan is facing a market that is increasingly jittery about the developer’s finances. Photo: Handout Chairman Hui Ka-yan is facing a market that is increasingly jittery about the developer’s finances. Photo: Handout
Chairman Hui Ka-yan is facing a market that is increasingly jittery about the developer’s finances. Photo: Handout

China Evergrande, hit by a US$2.71 billion stock sell-off, threatens to sue lender as debt controversy turns ugly

  • Stock slumped 16 per cent after its onshore deposits were frozen by a lender, wiping US$2.71 billion off its market value
  • Developer, China’s most indebted by some yardsticks, has so far kept offshore bondholders happy by paying on time

Topic |   China property
Chairman Hui Ka-yan is facing a market that is increasingly jittery about the developer’s finances. Photo: Handout Chairman Hui Ka-yan is facing a market that is increasingly jittery about the developer’s finances. Photo: Handout
Chairman Hui Ka-yan is facing a market that is increasingly jittery about the developer’s finances. Photo: Handout
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