Evergrande, Property Management Unit Share Trading Halted by Hong Kong. Chinas economy imploding?
“Trading of China Evergrande Group shares was suspended in Hong Kong along with those of its property management unit, as the property giant contends with a deepening cash crisis.
No reason was given for the halts, which also affect all structured products relating to the company, a stock exchange filing showed on Monday morning. Hopson Development Holdings Ltd. plans to acquire a 51% stake in Evergrande Property Services Ltd. for more than HK$40 billion ($5.1 billion), Cailian reported.
Evergrande shares plunged 80% this year, and its bonds have tumbled to levels that suggest investors are bracing for a default. With more than $300 billion in liabilities, the developer has been trying to sell assets in a bid for cash. The saga has roiled markets in recent weeks with concern that it may spread to hurt the economy and financial system globally.”
@Qtah_17
Sauce: https://yhoo.it/3moKr51
https://t.me/TheStormHasArrived17/5710
(see the 2 photos)
1. Listen to Kash Patel say Lisa Page and Peter Strzok are cooperating with Durham. Indictments to follow.
2. Q has been telling us that since 4/27/18. Read Q# 1288
3. Please read Q #1581. Timing of all of this was left up to DJT. Q team just serves him. So if you don’t like the timing please direct that to DJT.
Perhaps the whole world economy! Look up 'Supply chain, global shortage'... Global shippers are pleading with world govts and the UN to do anything to get goods moving again. As many as fifty mammoth cargo ships lay off of the Los Angeles and Long Beach cargo ports; other ports around the country and around the globe are experiencing similar log jams.
The cost of shipping a container on one of these huge container vessels has gone from around $2000 to over $20,000 - per container! Think how many of those containers are stacked on each ship!
Merchants and shippers are warning consumers to do your Christmas shopping now. I wonder about prescription drugs, made in China, sitting for months off shore at a poorly manned port. Same with auto parts, machinery, food - you name it!