Citron Research
- The looming debt crisis faced by China’s second largest property developer was on Andrew Left’s radar nearly 10 years ago.
- The famed short-seller said China’s Evergrande would be “severely challenged from a liquidity perspective” in a 2012 report.
- Hong Kong subsequently imposed a five-year ban on Left from trading in its stock market due to the report.
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Evergrande, China’s second largest property developer, is on the verge of insolvency and has sparked a global stock market sell-off on Monday due to contagion fears.
While the reaction in markets has been panicked, short-seller Andrew Left o…
Read the full article at: https://markets.businessinsider.com/news/stocks/andrew-left-evergrande-warning-looming-debt-insolvency-citron-research-2021-9
