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Foreign Affairs

Eugene

(61,974 posts) Thu Sep 28, 2023, 02:24 AM Sep 2023

0

Evergrande: China property giant suspends shares as police target chairman

Source: BBC

Evergrande: China property giant suspends shares as police target chairman

28 September 2023

By Mariko Oi
Business reporter

Shares in crisis-hit Chinese property giant Evergrande have been suspended in Hong Kong amid reports its chairman has been placed under police surveillance.

It follows reports earlier this week that other current and former executives had also been detained.

Thursday's market statement did not give a reason for the trading halt.

But it marks another low for the heavily indebted property giant which defaulted in 2021, triggering China's current real estate market crisis.

-snip-

Read more: https://www.bbc.com/news/business-66932548

4 replies

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Evergrande: China property giant suspends shares as police target chairman (Original Post) Eugene Sep 2023 OP

Message auto-removed Name removed Sep 2023 #1

This message was self-deleted by its author TexasTowelie Sep 2023 #3

The chairman of Evergrande must have some kompromat over Xi. TexasTowelie Sep 2023 #2

And here we go..... OAITW r.2.0 Sep 2023 #4

Response to Eugene (Original post)

Name removed Message auto-removed

Response to Name removed (Reply #1)

TexasTowelie This message was self-deleted by its author.

TexasTowelie

(112,712 posts)

2. The chairman of Evergrande must have some kompromat over Xi.

Reply to Eugene (Original post)

Thu Sep 28, 2023, 02:28 AM

Sep 2023

Anybody else in a similar situation isn't held for detention, they are simply disappeared instead.

OAITW r.2.0

(24,786 posts)

4. And here we go.....

Reply to Eugene (Original post)

Thu Sep 28, 2023, 02:31 AM

Sep 2023

the largest developer/speculator in Guangdong Province - before metastizing around all of devloping China

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