Write For Us

Another billionaire helps China’s Evergrande with stake purchase

Sponsored Post Vitamin D2 Canada Persia
95 Views

  • Thanks! Share it with your friends!

    You disliked this video. Thanks for the feedback!

ava
Published
Chus are the latest billionaire family to help out their pal, the Evergrande founder, with a 51 percent stake purchase offer.
In China, the property developer Fantasia Holdings failed to make a payment of $205m to its bondholders on Monday.
Investors are already worried that the housing giant Evergrande Group might collapse.
Evergrande is facing China's largest ever default as it struggles with more than $300bn of debt.
Al Jazeera's Rob McBride reports from Hong Kong.

- Follow us on Twitter: https://twitter.com/AJEnglish/
- Find us on Facebook: https://www.facebook.com/aljazeera/
- Check our website: https://www.aljazeera.com/

#China #Evergrande
Category
World
Tags
Al Jazeera, Evergrande, al jazeera english
Sign in or sign up to post comments.
Be the first to comment