J3N Provides the Latest and Most Up-to-Date News, You Can Stay Informed and Connected to the World.
⎯ 《 Just 3 N : New News Now 》

Evergrande: Crisis-hit Chinese property giant reports $4.5bn loss

2023-08-28 09:21
The heavily-indebted firm's shares are set to resume trading in Hong Kong from Monday.
Evergrande: Crisis-hit Chinese property giant reports $4.5bn loss

Crisis-hit Chinese developer Evergrande has posted a 33bn yuan ($4.5bn; £3.6bn) loss for the first six months of the year, in the latest sign of trouble in the country's property market.

It comes as the heavily-indebted firm's shares are due to resume trading in Hong Kong from Monday.

Evergrande...