Evergrande Debt Level
Developer China Evergrande Says Debt Level Down to 570 Billion Yuan. A debt crunch involving Chinas second largest properly developer has caught investors attention in the past week.
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June 29 2021 at 135 am.
Evergrande debt level. A company logo of China Evergrande is displayed at the entrance to China Evergrande. Evergrande the Shenzhen-based company is facing a default on its debt. China Evergrande Group had said early this month the debt level would drop below 600 billion yuan by the end of June.
China Evergrande is struggling with more than 300 billion in debt. At its Shenzhen headquarters angry suppliers and investors demand. China Evergrande Group 3333HK said on Tuesday its interest-bearing indebtedness has dropped to around 570 billion yuan 8823 billion from 7165 billion yuan.
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