Evergrande Takes on Short Sellers

Evergrande is selling a stake in its property unit to a Chinese businessman, raising $400 million. This move affected share prices positively. The company plans to offload more assets to manage its debt, including its car sales platform and water business. Key dates include June 30th, when Evergrande aims to meet China's regulatory debt ratios.

What is the primary reason Evergrande is selling stakes in its property units?

• To expand its business operations

• To generate funds for its debt

• To enter new markets

• To comply with government regulations

Which investor did Evergrande reach out to for financial support?

• Ma Huateng

• Jack Ma

• Li Ka-Shing

• Wong Combing

What is one of the strategies Evergrande is using to manage its debt?

• Increasing its workforce

• Reducing its marketing budget

• Spinning off and selling assets

• Launching new products

Which of the following is NOT a business unit Evergrande is considering divesting?

• Water business

• Technology

• Theme park

• Healthcare

What is the significance of the 'three red line' ratios for Evergrande?

• They are standards for customer satisfaction

• They are guidelines for international trade

• They are debt ratios set by China to control developer debt

• They are benchmarks for environmental sustainability