***Evergrande has been scrambling to raise funds to pay its many...

***Evergrande has been scrambling to raise funds to pay its many lenders, who are threatening legal action.
It has responded by halting projects, renewing borrowings and disposing of equity interests and assets.
The cash-strapped company has also delayed payments to suppliers and contractors in a sign its financial troubles are impacting business operations.
Subsequently, the share price has taken a battering, down 72 per cent in Hong Kong this year.
Evergrande’s bonds are also under pressure.
And to rub salt in the wound, its electric vehicle business was recently identified as the worst performing stock in the world.***