Evergrande $2.6bn property unit deal collapses
Evergrande rival Hopson Development was set to a buy a £2.6bn stake in the firm before the deal collapsed. …
“If the group is unable to meet its guarantee obligation or to repay any debt when due or agree with its creditors on renewal or extension of its borrowings or alternative arrangements, it would have a material adverse effect on the group’s business, prospects, financial condition and results of operations.”
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