The company has run up liabilities totalling more than 300bn. Evergrande owns more than 1300 real estate projects in over 280 cities in China.
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Evergrande claims to employ 200000 people and indirectly generate 38 million jobs in China.
Evergrande adalah. Evergrande dilaporkan berhutang dengan 171 bank tempatan dan 121 syarikat lain kata Mattie Bekink yang merupakan seorang pakar ekonomi kepada BBC. The stock has shed 80 of its value this year. Kemelut ini adalah meluas.
Its property services management arm is involved in nearly 2800 projects across more than 310. Evergrande shares plunged almost 12 Tuesday to 297 Hong Kong dollars 038 its lowest level since December 2014.
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