Evergrande founder forced to sell $60 million in company shares

China 12/12/21, 02:46

Evergrande founder Xu Jiayin has been pressured to sell $60 million of his Evergrande shares as the Chinese Communist Party (CCP) stepped in to assist the real estate tyrant with its debt crisis. The Hong Kong Stock Exchange reported that $277.8 million Evergrande shares pledged by Evergrande Chairman Xu Jiayin and ...

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