Evergrande isn't the only Stock suspended, were in for an interesting week ahead
(media.greatawakening.win)
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This suggests that DJT really had them on the ropes despite the face that they showed the world. I wonder though...After blowing up those half finished buildings they appear to have evergrande has destroyed a significant investment in hard assets, i wonder what that will do to property values? After all there was little liquidity for those assets unless it was a potential relocation site for a wuflu slip..
They ran out of money who paid who to blow up buildings... It makes no since.
"Running out of money" just meant that they don't have billions to spend. They still have millions.
Ok your going bankrupt why spend money to blow up buildings?
Property sells for much more if the new owner doesn't have to clean it up. I sold a house in another town once that was falling down. I didn't get much at all, because the buyer was going to have to remove everything down to the bare dirt and start over.
"The military is the only way" works for me.. 😁
Nah, Gen. Sum Ting Wong...
If I recall from the article: "they (evergrande) made the decision"... it could have been another arm of the corporate entity(managementco, or serviceco), or the ccp.
It occured to me that with a crash coming, perhaps they didn't want to leave a space for squatters to set up camp. But then, I don't imagine the CCP just let's the homeless (is that a thing in China?) Stake a claim wherever they want. I'm thinking Mandatory Mongolia . . .