4min chapter

Odd Lots cover image

Understanding Evergrande, the Chinese Real Estate Conglomerate That’s Nearing Collapse

Odd Lots

CHAPTER

What Happens in a Restructuring Scenario?

There are layers of seniority, even above the ones which are obvious. If push comes to shove, that guy gets pad first. Evergrand owns a bunch of assets like its subsidiaries and is said to be worth 20 billion dollars. It also own 60 % of the real estate operations on shore.

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