China debt crunch

China Evergrande stock down 19% on news chairman held by police

Heavily indebted developer's restructuring plan now in even greater doubt

ECHO WONG, Nikkei staff writer
September 27, 2023 19:25 JST

HONG KONG -- News that the chairman of China Evergrande Group is being held by police has further clouded the embattled Chinese developer's restructuring plan and sent its shares sinking on Wednesday.

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