News Snapshot:
Hong Kong — The financially-stricken China Evergrande Group said some real estate projects were suspended after delaying payments to suppliers and contractors, and how developer financial problems spilled over into business operations. Was shown. Companies with heavy debt on Tuesday also warned for the first time that they could default on debt if they couldn’t solve the liquidity problem. Evergrande, one of China’s largest home developers, said it is selling assets and apartments to raise cash. The group also said it is “with government coordination and support” and is actively negotiating with suppliers and construction companies to encourage real estate...
