SG Talk

Originally from Evergrande’s hometown of Guangzhou, as of 30 June this year, Hopson, ranked as China’s 77th largest developer, had cash and bank deposits on hand of HK$42.9 billion and a liability-to-asset ratio of 67 percent. This level of liquidity makes Evergrande Property Services an easy target after the company saw its market cap shrink by more than 70 percent this year to fall to HK$55.4 billion today.

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