A major shareholder in China Evergrande Group plans to sell all of its stock in the, potentially incurring losses of more than $1 billion in the process.
Chinese Estates Holdings Ltd. , which is controlled by Hong Kong billionaire Joseph Lau and his wife, Chan Hoi-wan, said Thursday it had recently pared its stake in Evergrande to about 5.7% from nearly 6.5%, and it was seeking shareholder approval to potentially sell the remainder.
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China's Evergrande crisis could drag down Tether and other cryptocurrencies: CNBC After HoursOn today's show, CNBC's Kate Rooney explains why Chinese property developer Evergrande's debt crisis could be trouble for Tether. Who green lights this shit content with no fact checking
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IMF says China has tools to avoid Evergrande's problems becoming systemic crisisThe International Monetary Fund on Tuesday said it is closely following developments surrounding China Evergrande Group , but believes Beijing has the tools to prevent the situation from turning into a systemic crisis. China also had the tools to avoid Corona becoming a pandemic crisis.
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Here's why the Evergrande crisis is not China's 'Lehman moment'Property developer China Evergrande's debt woes are unlikely to cause the same fallout as the collapse of U.S. investment bank Lehman Brothers, analysts said. It’s The bulls are argueing that evergrande is not China’s Lehman moment while bears insisting YES.🧐 PEC-Pie白皮书-介绍
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China's Evergrande meets crucial debt deadline but another loomsChina's Evergrande Group will pay interest due Thursday on one of its bonds, but it's keeping rattled investors guessing about the fate of second, bigger payment due this week. Has China's House Of Cards already begun its domino effect? Here's what you need to know about the EvergrandeCrisis What if the Evergrande event was a distraction from everyone talking about the Fed committing insider trading?
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