The property services unit of Chinas top developer sank after blocks of shares were traded at a 12 per cent discount to Tuesdays level. Shares in Evergrande which has total liabilities of almost Rmb2tn 309bn and is a big Chinese borrower of dollars have fallen 27 per.
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China Evergrande Group said on Tuesday its interest-bearing indebtedness has dropped to around 570 billion yuan 8823 billion from 7165.
Evergrande bitcoin. - China Evergrande announced on June 7 that it bought back 291 million shares worth a total of HK336 million 43 million. The negative outlook reflects Evergrandes weakened access to debt capital markets and heavy reliance on trust loans Read more Chinas central bank warns banks Alipay off bitcoin.
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