The property giant posted losses of US$4.53 billion from January-June.
BEIJING: Heavily indebted Chinese property giant Evergrande Group today posted losses for the first half of the year, adding to its financial woes.
The developer’s January-June losses were 33 billion yuan , compared to 66.4 billion yuan lost in the same period last year, according to a statement published on the Hong Kong Stock Exchange website.
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