Once Deeply Tied to Evergrande, These Suppliers Are Now Mired in Difficulties

大纪元 Epoch Times

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Recently, China Evergrande Group, once valued at HK$400 billion, officially delisted from the Hong Kong stock market, bringing its 16-year capital journey to a close. However, this "death" left behind a 240 billion RMB debt black hole and a quagmire that thousands of suppliers are still struggling to escape. In the devastating storm unleashed by Evergrande, many former industry giants, deeply entangled with it, suffered devastating consequences.

iz.de

Factuality

Ownership

The Chinese project developer giant Evergrande has not been listed on the Hong Kong Stock Exchange since the beginning of this week. It is another step in the decline of the Group, which was the leading apartment developer in China a few years ago.