China's 2nd largest property developer by sales - Evergrande - plummeted overnight after Citron...

|By:, SA News Editor

China's 2nd largest property developer by sales - Evergrande - plummeted overnight after Citron accused the company of more or less running a Ponzi scheme in which it has funded massive negative cash flow for years by running up an equally large amount of debt. Evergrande denies the allegations.