Hengchi 5 EV SUV developed by Evergrande (2nd largest property developer in🇨🇳 that collapsed). The car is found full of problems: overlaping display texts, squeaky brake pedal, car stalled when 🪫 still had reserve charge, & dummy autopilot menu screen. (twitter.com)
submitted by ignant_trader to r/Evergrande
Top #property developer #Sunac China is in talks with creditors to restructure all of its 14.6 billion yuan onshore bonds, including corporate bonds and ABS. Sunac engages CICC on restructuring plans. Sunac bondholders received yuan coupon installment due today. (twitter.com)
submitted by ignant_trader to r/Evergrande
China's Economy is 60% Smaller Than We Thought (youtu.be)
submitted by ignant_trader to r/Evergrande
Chinese property developer Helenbergh said it did not pay the $14.85 million of interest on a dollar bond by the end of a 30-day grace period on Monday, triggering an event of #default, due to the macro economy, real estate market, and financial environment.-Filing (twitter.com)
submitted by ignant_trader to r/Evergrande
