RE: Evergrande Already Liquidating
I guess the bigger problem would occur to the small depositors who paid money to the Evergrande before even the projects were started. If the Chinese government takes the back door route it would be interesting to see what happens to these small house owners who paid their hard earned tax paid money to this company owned by the businessman Hui Ka Yan. The company owes money to 171 banks and 121 financial institutions. This is in itself an alarming situation.