Hints and tips:
...On Tuesday afternoon, Shaoyang allowed sales to resume, helping the shares to recover steeper losses earlier in the day....
...Its business model relies heavily on advance sales of its properties before construction has been completed, an approach that was banned in the Chinese city Shaoyang last month, though that decision was...
...Sentiment soured further on Tuesday after authorities in Shaoyang, a city in China’s Hubei province, said sales at two of the company’s projects had been temporarily halted because of a shortage of funds...
...In Shaoyang, another city in Hunan, local officials are trying to auction their Evergrande problems away....
...Some local authorities in September seized control of customers’ presales money, while in July news of a project being halted in the city of Shaoyang dealt a significant blow to investor sentiment towards...
...Evergrande shares sold off early last week after a legal notice from authorities in Shaoyang ordered the company to halt presales in the central Chinese city....
...In the same month, news emerged that Rmb132m of its mainland subsidiary’s deposits at a bank in Jiangsu province had been frozen, while local authorities in Shaoyang, Hebei province, halted construction...
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