UPDATE: Employees in China held hostage by angry investors…

Discontent from retail investors in Evergrande is reportedly escalating with the latest hostage situation where the troubled property giant’s employees have been held captive in a management office.

Following reports of weekend protests which escalated to the storming of Evergrande’s headquarters, investors have now resorted to holding its management hostage, according to a «Straits Times» report citing social media posts. 

«I have with me Nanchang’s top Evergrande representative surnamed Chen,» said Yang Qiwen in a WeChat group, referring to a city in the southeast province of Jiangxi. «He can’t leave the office. There are more than 300 of us [investors] stopping him.» 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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