SUBSCRIBERS
Evergrande shares fall as developer piles on debt to expand
Published Wed, Mar 30, 2016 · 09:50 PM
Shanghai
EVERGRANDE Real Estate Group Ltd shares dropped as the Chinese developer said its debt mounted last year to fund acquisitions, raising concerns over whether it will be able to maintain sustainable growth.
The stock fell as much as 1.8 per cent in Hong Kong, the biggest intraday decline in two weeks, and traded 0.7 per cent lower at HK$5.96 as of 1:43…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
DBS puts 46 retail units, HDB shops on market for S$210 million
US mortgage rates jump above 7% for the first time this year
Far East Shopping Centre back on market at unchanged S$928 million asking price
London mansions sold at 30% discount spell gloom for luxury market
Delfi Orchard up for collective sale at S$438 million guide price
US existing home sales drop in March; median price increases