EVERGRANDE - SHIMAO SALES TERMINATION is KILLER BLOW for China Property Market - RED FLAG EVENT

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SHIMAO is the 8th Largest Property Developer in China. It's Shares Fell over 30% this week as it announced that it has TERMINATED Property Sales due to the fact that it had pledged the assets to a lender. This meant that Buyers who have PAID for the property have been unable to Complete on the Purchase and are left with NOTHING. This is another HAMMER BLOW in a Market that is already FRAGILE. In addition to this Shimoa also transferred its Property Management Business to a Sister Company at a HIGHLY INFLATED PRICE. JP Morgan called this a CORPORATE GOVERNANCE RED FLAG and issued a SELL recommendation.

In this video I provide you will the the details of what has been going on at SHIMAO, what this means for the company and the impact that this will have on THE PROPERTY SECTOR and CHINA.

For specific details please check out the CHAPTER list below.

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Chapters:
0:00 Intro
2:45 Shimao Group
4:09 Termination of Property Sales
6:58 Transfer of Assets
8:05 Rating Agencies
10:27 Share Price Fall
12:11 Summary & Conclusion
Category
Management
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