The dominos are starting to fall. Evergrande was first, now those connected to Evergrands solvency issues include multiple companies and Hong Kong’s richest woman.
We reported on Evergrande a few weeks ago. The Hong Kong behemoth with the most debt of any corporation in the world, was facing solvency issues due to its failing portfolio of Chinese real estate.
Then other companies were identified as well.
Today another company is involved in the Evergrande crisis is identified and