China’s Evergrande Group classifies debt as equity, cuts leverage

China’s Evergrande Real Estate Group has cut leverage on its balance sheet over the past two years to a third by classifying some of it as equity, according to analysts’ calculations based on its public filings.

via South China Morning Post - Business feed http://www.scmp.com/business/china-business/article/1765359/chinas-evergrande-group-classifies-debt-equity-cuts-leverage