Evergrande Shares Plunge 25% as Staff Detained Amid Deepening Real Estate Crisis

Evergrande shares tumble 25% after wealth management staff detained
Police in Shenzhen detained staff at Evergrande's wealth management unit
Detentions suggest new investigation, adding to Evergrande's woes
Evergrande is at center of crisis in China's real estate sector
Company posted $4.5 billion net loss in first half of 2022
Evergrande delayed offshore debt restructuring decision to allow more time

reuters.com

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