5 ms·
I wonder what the approximate shortfall is.
by nwah1 3y ago
I wonder what the approximate shortfall is.
- spywaregorilla 3y ago300B of debt is the common number. shortfall unclear.
- loeg 3y agoAllegedly 240B in assets, but who knows how real any of those are: https://www.reuters.com/business/embattled-china-evergrande-back-court-liquidation-hearing-2024-01-28/ https://www.reuters.com/business/embattled-china-evergrande-...
- seanmcdirmid 3y agoThey might not be very liquid, and there might not be a market for them at the current "market price" (China will often suppress real estate sales to prevent market prices from dropping).
- loeg 3y agoI think the current reporting is tens of billions of dollars (like ~$60B). https://www.reuters.com/business/embattled-china-evergrande-back-court-liquidation-hearing-2024-01-28/ https://www.reuters.com/business/embattled-china-evergrande-...