It was previously reported that distressed debt funds and individual investors flocked to bonds issued by developer China Evergrande, betting that the country’s most indebted company will be rescued.
And the question comes knocking - what are distressed debts and why do people buy into such debts?
In this episode, we invited Pang Kuan Weng who has over 15 years of experience in the fund management industry to share his insights.
Tune in to hear him explain what contributed to Evergrande’s downfall as well as the early warning signs investors should note to identify diamonds in the rough.
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