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Full title (I shortened to 80 characters): Andrew Left Was Banned From Trading in Hong Kong for Saying China Evergrande Group Was Insolvent. Was He Right All Al
by baylearn 5y ago
Full title (I shortened to 80 characters): Andrew Left Was Banned From Trading in Hong Kong for Saying China Evergrande Group Was Insolvent. Was He Right All Along?
The real estate firm — which Left targeted in a 2012 short report — now faces a reckoning on its $300 billion in liabilities.
- baybal2 5y agoLiabilities of roughly $300B on the books only, but there is also their submarine debt which is said to be comparable to what they already have on the books, if not more. They also practiced Enron style liabilities as assets disguise, so their real total asset-to-liability ratio would be even lower.