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China Evergrande has officially fallen into default just a week after it sold Protean to London-based EV tech startup Bedeo, making it the largest real estate with over $300 Billion in assets to belly up

November 11, 2021
Source: techstartups.com techstartups.com
News Snapshot:
China Evergrande has officially fallen into default just a week after it sold Protean to London-based EV tech startup Bedeo, making it the largest real estate with over $300 Billion in assets to belly up Just last week we wrote about China Evergrande after the troubled real estate giant sold in-wheel pioneer Protean to London-based EV tech startup Bedeo. Evergrande sold off some of its assets and subsidiary to pay off its its $300 billion debt. Now, China Evergrande Group today has defaulted on interest payments to international investors, according to a report from Yahoo News. Germany-based DMSA, which invested...
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