On Wednesday morning, China Evergrande's Hong Kong-listed shares dived as much as more than 16%.
Evergrande's problems have also been made worse by China's crackdown on the sector, in seeking to rein in the large amount of borrowing by property developers.plunged on Wednesday, after the indebted Chinese property developer said it had placed new shares at a discount.The cash-strapped developer, China's second-largest by sales,
Source: News Formal (newsformal.com)
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