Via Straits Times:
Footage of Evergrande’s management being held hostage in company offices by anxious retail investors made the rounds on China’s social media earlier this week.
“I have with me Nanchang’s top Evergrande representative surnamed Chen,” said WeChat user Yang Qiwen, referring to the city in Jiangxi province in south-eastern China. The posting included a photo of a man lying on a floor.
“He can’t leave the office. There are more than 300 of us (investors) stopping him,” Yang added on one of at least three WeChat groups discussing the company’s dire straits.
Security personnel in the Chinese city of Shenzhen on Thursday took away protesters who gathered outside the headquarters of cash-strapped real estate developer China Evergrande Group.
Iron ore still cratering:
With the “coconuts phase” ending for FMG as it gaps into the bottomless pit:
Mums and Dads to take Twiggy hostage?