As Evergrande and its Chairman Xu Jiayin’s fate is sagging under millions of liabilities, on September 24, another private enterprise giant HNA (HNA Group Co., Ltd.)—being under bankruptcy reorganization—through its official WeChat announced that its chairman and the chief executive officer had been arrested. The news was also confirmed on the same day by Gu Gang,…
Evergrande Sags Under Massive Financial Liabilities, Its Future Uncertain
September 30, 2021
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Cheating Wall StreetChinaChina Business & EconomyChina Evergrande GroupChina private enterprisesHNA GroupSpecial Topics
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