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Security guards in Shenzhen took away protesters gathered at the headquarters of the troubled real estate developer China Evergrande Group, which is on the verge of a potential chaotic debt default, which could bring shock waves to the Chinese economy.
On Thursday, security guards in Shenzhen, China took away protesters gathered outside the headquarters of China Evergrande Group, a cash-strapped real estate developer.
The second largest real estate developer in the country Is working with The liquidity crisis vacillates between a profoundly influential chaotic collapse, a management collapse, or government bailouts, scrambling to raise funds.
Disgruntled Evergrande investors and suppliers who claim to owe money gathered at the company’s headquarters in southern cities this week, and reportedly gathered elsewhere in China.
A protester said: “Every day, we are here waiting for a certain policy, but nothing happens, so we have no choice but to stay.”
It can be seen that the uniformed security guards detained at least two of the two dozen protesters and formed a circle around the remaining people with their arms locked, so that when the two of them were taken away, everyone was taken away. Can’t leave.
Security guards waved banners with “Police Evidence” in response to the sporadic “Hengda refunds our money” slogan, while a police officer filmed the protesters’ shouts.
During a thunderstorm, a crying woman who was sitting among the remaining protesters and approaching security personnel was taken to a nearby police car.
Earlier on Thursday, Evergrande’s main subsidiary Evergrande Real Estate Group Co., Ltd. applied for a suspension of trading of its domestic corporate bonds after being downgraded.
Evergrande’s stock price fell to its lowest point in a decade because people are increasingly worried that chaotic debt defaults may bring shock waves to the Chinese real estate market and the wider economy.
These spreading concerns weighed on Hong Kong stocks for the fourth consecutive day, dragging the Hang Seng Index to a 10-month closing low.
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