Evergrande shares fall as China's biggest corporate failure looms
The China Evergrande Group, the parent company for the sprawling empire built by a former steel industry executive, was down more than 10 per cent in Hong Kong at midday on Thursday. Evergrande Property Services, one of its most profitable units, was off by 6.45 per cent
The company, which is China's second-biggest property developer with thousands of projects, has debts of $305 billion. Source: Reuters