Monday 20th of SEPTEMBER Bushkin Wins, page-35

All eyes on are them tonight.....other reports indicate $420 billion in liabilities...mmmmmmmmmm..

China Evergrande Group

2.28HKD-3.15(-58.01%)past 5 years

Evergrande Centre in Hong Kong, China March 26, 2018. REUTERS/Bobby Yip/File Photo

HONG KONG, Sept 20 (Reuters) - Shares of Evergrande on Monday plunged to over 11-year lows, extending losses as executives try to salvage its business prospects and as default fears grow over a looming deadline for payment obligations this week.

Evergrande has been scrambling to raise funds to pay its many lenders, suppliers and investors, with regulators warning that its $305 billion of liabilities could spark broader risks to the country's financial system if not stabilised.

The stock closed down 10.2% at HK$2.28, after earlier plummeting 19% to its weakest level since May 2010.

The company's property management unit(6666.HK)dropped 11.3%, while its electrics car unit(0708.HK)declined 2.7%. Movie streaming company Hengten Net(0136.HK), majority-owned by Evergrande, plummeted 9.5%.

https://www.reuters.com/world/china/china-evergrande-shares-plummet-default-risks-2021-09-20/