Debt Crisis
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China Evergrande to Delist After 16-Year Listing
China Evergrande faces delisting from the Hong Kong Stock Exchange (HKEX) after failing to meet resumption guidance. Trading of its shares has been suspended since January 29, 2024. The HKEX Listing Committee made the decision, and Evergrande does not intend to seek a review. This marks the end of Evergrande’s 16-year run as a public company, following a liquidation order issued in January 2024, highlighting the severity of its debt crisis.
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Founder’s Wife Exposes Family Scandal: “My Husband, a Bottled Water Tycoon, Has Been Married Four Times and Has Five Children” – Company Responds to Truth Revealed
A social media storm erupted after Wei Miaomiao, wife of Jiangxi RunTian Mineral Water’s founder Huang Angen, alleged “family scandals” involving multiple wives and children. She also claimed connections to pre-IPO companies. RunTian has since disavowed any ties to Huang and Wei. Investigations revealed Huang exited RunTian a decade ago and the company underwent restructuring, becoming state-controlled. Wei claims the dispute centers on unpaid debt from a 2014 restructuring agreement, leaving Huang labeled a defaulter with millions in debt. RunTian Beverage’s business license was revoked in 2020.
