Evergrande shares tumbled as much as 87% on the Hong Kong Stock Exchange on Monday, to as low as 22 Hong Kong cents.

China Evergrande Group last traded on the Hong Kong exchange on March 18, 2022 at 1.65 Hong Kong dollars ($0.13) per share, before being suspended on March 21.

The company also posted a loss of 39.25 billion yuan ($5.38 billion) for the six months ended June, with total liabilities of 2.39 trillion yuan.

  • @zepherithsEnglish
    6•1 year ago

    If it was any other place it could be a good idea to look into exactly what it’s assets are. However land development companies in China don’t own the land, so in a debt to asset comparison they are horrible. That’s every land development company in china