Six Evergrande executives cashed in their investments just as the. China Evergrande once the countrys second-largest real estate developer is drowning in debt.
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Evergrande sold Chinese retail investors around 6 billion in risky wealth management products WMPs held by a base of around 80000.
Evergrande news english. Evergrande has the distinction of being the worlds most debt-saddled property developer and has been on life support for months. A steady drumbeat of bad news. Some 15 million people have put deposits on.
Chinese property giant admits to misconduct by executives.
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