Opinion: Property giant Evergrande’s plan to increase its equity through a domestic back door could pave the way for other firms to follow in its footsteps
"Whether such a phenomenon does transpire rests on Evergrande getting the nod from authorities – the same ones that have been blocking new IPOs," writes Christopher Langner. "But if any company has a decent shot, it's Evergrande, simply because it's so leveraged, and so big. Putting a stop to this transaction could spell Evergrande's demise, and Beijing certainly wouldn't want that."
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Oct 21, 2016