The Evergrande Group’s stock is now down 81% year to date as their liquidity crisis deepens. With nearly $300 billion in debt obligations, Chinese major banks have been notified that Evergrande, China’s second largest property developer, won’t be able to pay any of their loan interest due on September 20.
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The Evergrande Group’s stock is now down 81% year to date as their liquidity crisis deepens. With nearly $300 billion in debt obligations, Chinese major banks have been notified that Evergrande, China’s second largest property developer, won’t be able to pay any of their loan interest due on September 20.