The Traderszone Network

Published in TZ Latest News 29 August, 2021 by The TZ Newswire Staff

Property wing of world’s most indebted developer posts rare earnings loss

China Evergrande Group warned that its real estate wing recorded a loss in the first half of the year for the first time since at least 2009. The company’s property business incurred a loss equivalent to about $618 million, according to the Wall Street Journal. The parent company is the world’s most indebted developer with around $300 billion in liabilities and around $7.4 billion in bonds maturing next year. Evergrande started discounting apartments at its

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