Evergrande Investors Left Baffled by $2.1 Billion in Seized Cash

Posted March 27th, 2022 by Brahm Canzer & filed under Company Analysis, Financial analysis, Governments & Regulators, Growth & Valuation, Industry Analysis, Management Issues, Personal Finance.

Description: Investors in China Evergrande Group are still in the dark over just how $2.1 billion of deposits at its property-services unit came to be used as security for pledge guarantees and seized by banks.

Source: Bloomberg.com

Date: Mar 23, 2022

Link: https://www.bloomberg.com/news/articles/2022-03-23/evergrande-investors-left-baffled-by-2-1-billion-in-seized-cash

Questions for discussion:

What are the concerns raised in this report?
What should investors make of the situation and particularly, the lack of information?
What would you advise investors?