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Evergrande debt crisis: How likely is it that bondholders can recoup their investments?
Questions are swirling about China Evergrande Group, and its ability to repay more than US$300 billion in liabilities, after the nation’s biggest home builder by sales missed interest payments due to its offshore bondholders. SCMP senior business reporter Chad Bray sits down with Ronald Sum, head of litigation at Addleshaw Goddard in Hong Kong, to discuss the likelihood that investors holding dollar-denominated bonds issued by the developer will ever be able to get their money back.
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