China's Zhongzhi Enterprise Group told investors it is heavily insolvent with liabilities of up to $64 billion, more than double its assets, as one of the…
China's Zhongzhi Enterprise Group told investors it is heavily insolvent with liabilities of up to $64 billion, more than double its assets, as one of the country's leading wealth managers grapples with a deepening property sector crisis.
By Rebecca Feng China s Zhongzhi Enterprise Group has at least $31 billion more liabilities than assets and now faces significant going concern risks, it said in a letter to investors this. -November 23, 2023 at 05:46 am EST
- MarketScreener