Business / Reel
Business · Video brief
China moves to wrap up saga of troubled property giant Evergrande after founder gets life sentence
Chinese authorities are taking steps to address the fallout from Evergrande's downfall, with founder Hui Ka Yan receiving a life sentence for financial crimes. The company faces over $300 billion in liabilities, and a long bankruptcy liquid...
Video won't play? Watch on YouTube →
Chinese authorities are taking steps to address the fallout from Evergrande's downfall, with founder Hui Ka Yan receiving a life sentence for financial crimes. The company faces over $300 billion in liabilities, and a long bankruptcy liquidation process is just beginning. Full story and more reels: https://newsreel.video #Evergrande #China #realestate #news #breaking
Originally reported by AP News.
Read the full story →
More in Business
Business
Busin
Business
Poland’s ‘solidarity’ push for EU energy resilience in face of Russian aggression
Business
Busin
Business
Georgia governor candidates spar over the economy and Trump in lone debate
Business
Busin
Business
0 Comments
No comments yet. Be the first.