Evergrande Stocks Plunge as It Draws Near Default Risk
On Thursday, Evergrande stocks sharply plunged as the property developer approached the brink of default risk. Consequently, the real estate company sank 7.47% or 0.21 points to $0.33 per share. Evergrande, with its outrageous amounts of credit, was marked as the world’s most indebted property developer. In its 2020 annual report, the company posted $52.00 …
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