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Chinese megadeveloper falls off cliff

July 21, 2021 - 00:15 -- Admin

Three Red Lines is turning into a bloodbath for China’s formerly largest developer, Evergrande. Yesterday: 2025 bond fell to nearly half its value. Equity is now less than 10% of enterprise value, down 12% in the past week. It has emerged that the charming firm has been drawing down upon funds held in escrow from

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