Is The Financial Crash Here ? 10x Bigger then Lehman Brothers ! Get Your Assets In Your Own Possession. Now You Still Can: Evergrande debt CRISIS admission sparks HQ protester siege
The Shenzhen HQ of Property giants China Evergrande was swarmed by angry protesters after the group admitted a fire sale of assets and properties can’t keep up with their swelling $300bn debt.
60 furious investors reportedly surged into the lobby to be told that some might have to wait at least two years to be repaid, as a chain of 60 security guards held back more people on the street outside,
Evergrande lay part of the blame for the overall group’s share prices dropping 12% on Tuesday on negative media coverage and denied reports that a major restructuring was looming.
