bearish
Goings On in Evergrande Land
336 Views28 Nov 2021 21:04
SUMMARY
- On Friday 26 November, Evergrande Auto (708 HK) dropped a business update at 10:30pm.
- The land under Guangzhou Evergrande Stadium has been taken over by the local government meaning the $1.8bn project is under new control. The team may be forfeit as well.
- Evergrande Chairman Hui sold 1.2 billion shares of Evergrande (3333 HK) last week in what appeared to be two transactions. That may be linked to a third this coming week.
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