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Full Version: Chinese developer Evergrande to be liquidated after debt talks fail
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wahlau, such a big company also can go burst.
Debts $300B.
Assets $240B.

On the surface don't look so bad...only 60B gap.
But usually during liquidation around half of the value is gone.

Creditirs will get 30cts for every dollar.

Many seem to want to take the 30cts before it turns jnto 20cts.