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China Evergrande shares tumble 25%...

HONG KONG: Shares of embattled developer...

China Evergrande shares tumble 25% after wealth management staff detained

HONG KONG: Shares of embattled developer China Evergrande Group plunged 25% on Monday after police detained some staff at its wealth management unit, suggesting a new investigation that could add to the property company's woes. Evergrande, the world's most indebted property developer, is at the centre of a crisis in China's real estate sector that has seen a string of defaults since late 2021 that have rattled global markets and sparked fears of contagion. Trading in the company's stock was suspended for 17 months until Aug. 28.During protests...

Karl Jörg - September 18, 2023

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China Evergrande shares...

HONG KONG: Shares of embattled developer China Evergrande Group plunged 25% on Monday after police detained some staff at its wealth management unit,...

Karl Jörg - September 18, 2023

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