Billionaire steps in to rescue China’s ailing Evergrande

Al Jazeera ·

Al Jazeera

Chus are the latest billionaire family to offer help Evergrande, with a 51 percent stake purchase offer. The Hong Kong-listed real estate firm has agreed to buy a controlling stake in Evergrande’s property services business. Investors are worried that the housing giant Evergrande Group might collapse, causing global shockwaves.