Evergrande owns more than 1300 real estate projects in over 280 cities in China. Evergrande shares plunged almost 12 Tuesday to 297 Hong Kong dollars 038 its lowest level since December 2014.
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Its property services management arm is involved in nearly 2800 projects across more than 310.
Evergrande adalah. Cash-strapped developer China Evergrande Group 3333HK has begun repaying investors in its wealth management products with real estate a unit of its main Hengda Real Estate. When the troubled Chinese property giant Evergrande was starved for cash earlier this year it turned to its own employees with a strong-arm pitch. The stock has shed 80 of its value this year.
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