China property giant Evergrande seeks to recover $6 bn
Beijing (AFP) Aug 5, 2024
China's heavily indebted real estate giant Evergrande said Monday that it and its liquidators were seeking to recover about $6 billion in dividends and remuneration from seven people or entities, including its founder. Evergrande was once China's biggest real estate firm, a powerhouse in a sector that helped propel the country's rapid economic growth during recent decades. But its spiral
China's heavily indebted real estate giant Evergrande said Monday that it and its liquidators were seeking to recover about $6 billion in dividends and remuneration from seven people or entities, including its founder. Evergrande was once China's biggest real estate firm, a powerhouse in a sector that helped propel the country's rapid economic growth during recent decades. But its spiral