Shares of China Evergrande plunged as much as 24% on Monday after the embattled developer said it was unable to issue new debt due to an ongoing investigation into one of its subsidiaries, dealing a fresh blow to its restructuring plans.
plunged as much as 24% on Monday after the embattled developer said it was unable to issue new debt due to an ongoing investigation into one of its subsidiaries, dealing a fresh blow to its restructuring plans.
In August, Hengda Real Estate said it was being investigated by China's securities regulator for suspected violation over the disclosure of information.police detained some staff at its wealth management unitShares of Evergrande, which has more than $300 billion in liabilities, fell as much as 23.6% to HK$0.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China Evergrande: unable to meet qualifications for issuance of new notes By ReutersChina Evergrande: unable to meet qualifications for issuance of new notes
Read more »
Armstrong, Narveson and penalties help N.C. State survive at Virginia, 24-21Brennan Armstrong hit KC Concepcion with a pair of touchdown passes in his return to Scott Stadium and Brayden Narveson kicked a second-chance 33-yard field goal as time expired and North Carolina State beat Virginia 24-21.
Read more »
Knicks to host Kristaps Porzingis, Celtics to open up 2023-24 seasonPlantar fasciitis prompted Porzingis to withdraw from the FIBA World Cup this summer— where he was slated to play for Latvia— but he’ s supposed to be ready for NBA training camp …
Read more »
Strange New Worlds Fixed A Bad Star Trek: Voyager Episode 24 Years LaterStrange New Worlds fixed a bad Voyager story.
Read more »
Sports on TV for Sunday, September 24(All times Eastern) Schedule subject to change and/or blackouts Sunday, September 24 FS2 — AFL: Western at Gold Coast
Read more »
NFL games tomorrow: schedule, channels, live streams for September 24There are 13 NFL games today. Which teams are playing against each other? Find out the times, channels, and live-streaming information.
Read more »