Replies to post #206529 on JB and ZJMY Holding Co (JBZY)

[Sonar]

You're correct, JBZY could easily be used to raise investment capital.
Evergrande owes money to more than 170 Chinese banks and 121 other financial firms.
Evergrande, which holds 6.5% of China’s total property sector debt, warned investors that if it can’t raise capital quickly, it may default on its obligations.
Evergrande was supposed to repay interest on some loans Monday.
Officials in China have told the major banks they won’t be paid.