More
    HomeEntertainmentReuters reveals Dashed dreams for China Evergrande's showpiece resort island

    Reuters reveals Dashed dreams for China Evergrande’s showpiece resort island

    Published on

    Entertainment & Lifestyle

    Reuters provided insight into how the opening last year of the world’s largest artificial resort island, developed by China Evergrande Group for nearly $13 billion, was the realization of the ambitions of founder Hui Ka Yan, who sketched a design for the project himself. Now Evergrande is in default to global bondholders, and officials in Danzhou city have ordered 39 of the project’s towers — roughly 3,900 of the island’s 65,000 homes — to be demolished over environmental and construction violations.

    Article Tags

    Topics of Interest: Entertainment & Lifestyle

    Type: Reuters Best

    Sectors: Equities

    Regions: Asia

    Countries: China

    Media Types: Text

    Customer Impact: Important Regional Story

    Source link

    Latest articles

    Forecasters Warn of ‘Wildfire Outbreak’ Across Texas and Oklahoma

    Forecasters at the National Weather Service said on Friday that a “wildfire outbreak appears...

    ICAI may review fin statements of IndusInd

    NEW DELHI: Chartered accountants' apex body ICAI may review the financial statements...

    More like this