News for hackers. Stuff that matters.

A comment on Evergrande shares plunge as much as 87% as trading resumes after 17 months. Parent comment

Re:Evergrande shares plunge as much as 87% as trading resume... by Sakos on Monday August 28, 2023 @07:04AM (#37292277)
Iirc, Evergrande took on debt to pay for construction and used the money paid by customers to service those debts. That's the missing step.
[ Parent | on HN ]

There are no comments on this comment yet.