China tells Evergrande billionaire to pay off his company’s debt with his own money. However, it’ll be difficult to pay off $300 billion in debt with $7.8 billion in worth.
Chinese authorities reportedly told the billionaire behind insolvent China corporation, Evergrande, to pay off his company’s debt with his own money. Chinese authorities have told billionaire Hui Ka Yan to use his personal wealth to alleviate China Evergrande Group’s deepening debt crisis, according to people familiar with the matter. Beijing’s directive to the Evergrande founder came after his company missed an initial Sept 23 deadline for a coupon […]
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