After Evergrande sold its stake in the Vertex, a residential development in Hong Kong, homebuyers suddenly discovered they were at risk of losing their deposits because Evergrande’s financing un...
Tag: China defaults
Billionaire Sun Hongbin’s Sunac Defaults On Dollar Bond Payments
Sun Hongbin, chairman and CEO of Sunac, listens during a news conference in Hong Kong Jerome Favre/Bloomberg Sunac China Holdings, the real estate developer headed by billionaire Sun Hongbin, said it ...