The world's most debt-ridden real estate developer will soon be without its biggest driver of share gains, and investors are ready to pounce.
ADVERTISEMENT
Traders are loading up on bets against the world's 'most levered real estate developer'
China Evergrande, the world's most debt-ridden real estate developer, is attracting interest from short sellers even with the stock up big in 2017.
China Evergrande Group Chairman Hui Ka Yan attends a news conference on the property developer's annual results in Hong Kong, China.
ADVERTISEMENT
FOLLOW BUSINESS INSIDER AFRICA
ADVERTISEMENT
Recommended articles
10 least powerful African passports in 2024
Top 10 African countries with the largest labor force
Video footage of Asian man beating two Africans sparks racism comments online
East Africa’s future in energy shines brighter on the continent
Infinix NOTE 40 Series takes centre stage with all-round fastcharge 2.0
Here are the new causes of Nigeria’s inflation according to the CBN governor
Russian troops have entered base housing US military forces in Niger
Digitalisation: A revolution in financial services