Evergrande Rocked By WSJ Report China “Making Preparations For Its Demise”; EV Unit Stops Paying Staff, Suppliers

• Evergrande Rocked By WSJ Report China “Making Preparations For Its Demise”; EV Unit Stops Paying Staff, Suppliers
  by Tyler Durden, https://www.zerohedge.com/
  Update (0810ET): Piling on to the chaotic swings in Evergrande, Bloomberg reports that the embattled property developer’s electric-car unit has missed salary payments to some of its employees and has fallen behind on paying a number of suppliers for factory equipment, according to people familiar with the matter.
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  Most employees at Evergrande NEV are paid at the start of every month and again on the 20th, however for some mid-level managers, the second installment for September hasn’t arrived, the people said. Several equipment suppliers, meanwhile, began withdrawing their on-site personnel from the Shanghai and Guangzhou sites as early as July after payments for machinery in Evergrande NEV’s factories weren’t made.
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  This is clear evidence that the company’s financial fragilities are having an impact beyond its core business.
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