, assuming that construction is completed next year as expected. The $1.7 billion site is shaped as a giant lotus flower, and will eventually be able to seat 100,000 spectators.
, it started taking customers on a trial basis earlier this year, with plans for a full opening "at the end of 2021."In recent years, Evergrande's debts ballooned as it borrowed to finance its various pursuits. Goldman Sachs analysts say the company's structure has also made it "difficult to ascertain a more precise picture of [its] recovery." In a
While the news may placate investors, many questions still remain unanswered. Evergrande did not elaborate on the terms of the payment in its statement, and interest worth $83.5 million on a dollar-denominated bond also fell due Thursday. That deadline came and went without an update from the company.
So far, the conglomerate has struggled to stem the bleeding, and has failed to find buyers for parts of its electric vehicle and property services businesses.
Don't know don't care China need to be decapitating mfs!