Reuters reveals Dashed goals for China Evergrande’s showpiece resort island

Leisure & Life-style

Reuters offered perception into how the opening final 12 months of the world’s largest synthetic resort island, developed by China Evergrande Group for practically $13 billion, was the conclusion of the ambitions of founder Hui Ka Yan, who sketched a design for the venture himself. Now Evergrande is in default to international bondholders, and officers in Danzhou metropolis have ordered 39 of the venture’s towers — roughly 3,900 of the island’s 65,000 properties — to be demolished over environmental and development violations.

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Matters of Curiosity: Leisure & Life-style

Kind: Reuters Finest

Sectors: Equities

Areas: Asia

International locations: China

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Buyer Impression: Essential Regional Story

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