Evergrande Shares Slide 25% this weak as Mainland Unit Misses Debt Payment
Evergrande News As the crisis at the troubled real estate developer has gotten worse, shares of China’s Evergrande have plummeted. It announced on Monday that its mainland subsidiary Hengda Real Estate had fallen behind on 4 billion yuan ($547 million) in debt. Authorities have reportedly detained a number of current and former executives, according to…