https://www.express.co.uk/news/world...vergrande-debt
Will this have a knock on effect for Lai and Fossun ?
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https://www.express.co.uk/news/world...vergrande-debt
Will this have a knock on effect for Lai and Fossun ?
Quote:
Originally Posted by soulman101
Back to whips and more sweat shops and container prices hitting the roof!
We are doomed! Hope that c unt Lai becomes homeless!!!
The company has $300billion in liabilities........
Yeah fcuk the little person with debts.....lets bail out again the "Masters of the Universe"
What disdain and pure arrogance these institutions act with......so the world's factory and the world's gas station are about to turn the screw with more capital write offs.
We deserve everything coming to us now!!
This story has been doing the rounds for a while.
A lot of these Chinese companies, like Lai, have taken advantage of cheap loans in China to buy businesses that they have paid way over the top for.
Now those loans have to be repaid and they cannot repay them and they are fkd.