HONG KONG -- Investors are fleeing from China Evergrande Group despite surprise talk from the world's most indebted developer about a special dividend this week, as well as louder chatter about asset sales and debt reduction.
Analysts speculate shareholders will get stock in EV unit
If China Evergrande distributes a major part of its holdings in Evergrande NEV as a dividend, it can remove the unit's debts from its balance sheet. © Reuters
HONG KONG -- Investors are fleeing from China Evergrande Group despite surprise talk from the world's most indebted developer about a special dividend this week, as well as louder chatter about asset sales and debt reduction.