ouch ....
Investors in Evergrande wealth mgmt demanding repayment. An emergency meeting was hosted this weekend but no one’s willing to accept the proposal that basically attempted to delay payments. The Corp has 240bn in ST debt but only 86bn cash/quasi. Stock -7%.pic.twitter.com/rH10YyUwPF
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Tether USDT could fix this! They have over $60Bn in readily liquid assets such as Evergrande commercial paper... No, wait.....
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check
@Derzuschauer7@sainik636 . Any Indian group which has similar financial structure ? -
Not studied deep enough to see any similarities.
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They're going to have to get in line behind employees, suppliers, payables, etc. Bankruptcy laws are written, but aren't tight.
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Furthermore, these financial products of unknown amount are probably not included in that USD 240bn debt
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Hey,
@mxgxw_gamma, hace poco vi que la posible bancarrota de esta empresa podría tener relación con la caída reciente de las criptomonedas. ¿Sabes algo? -
China no lo va a dejar caer. Es costo seria tremendo.
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These people have already lost everything to react this way, perhaps the savings of a lifetime of work
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