Cash-strapped developer China Evergrande Group 3333HK has begun repaying investors in its wealth management products with real estate a unit of its main Hengda Real Estate. Evergrande shares plunged almost 12 Tuesday to 297 Hong Kong dollars 038 its lowest level since December 2014.
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Evergrande owns more than 1300 real estate projects in over 280 cities in China.
Evergrande adalah. The stock has shed 80 of its value this year. When the troubled Chinese property giant Evergrande was starved for cash earlier this year it turned to its own employees with a strong-arm pitch. Its property services management arm is involved in nearly 2800 projects across more than 310.
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