HONG KONG -- Shares and bonds of China Evergrande Group, the nation's largest and most indebted property developer, slumped after credit rating agency S&P Global warned of rising financial risks and concerns mounted over a looming cash crunch.
Country's largest developer said to seek state help for restructuring plan
HONG KONG -- Shares and bonds of China Evergrande Group, the nation's largest and most indebted property developer, slumped after credit rating agency S&P Global warned of rising financial risks and concerns mounted over a looming cash crunch.