Evergrande's EV company reports the police detainment of a top executive.
China Evergrande's vice chairman and executive director, Liu Yongzhuo, has been detained by police, marking the latest trouble for the world's most heavily indebted property developer. The detention follows news that Zhongzhi Enterprise Group, a major shadow bank in China, filed for bankruptcy liquidation after failing to pay its debts.
January 08, 2024
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