HONG KONG (Reuters) – Shares of Evergrande plunged over 15% on Monday, extending losses as investors take a dim view of its business prospects with a fast approaching deadline for payment obligations this week.

At 0245 GMT the stock had dropped 14.6%, to HK$2.17. It was at its lowest point since Oct 2011.

While the company’s electric cars unit fell 2%, its property management unit lost more than 8%. Evergrande’s majority ownership of movie streaming site Hengten Net plunged 10%.

Evergrande is trying to find funds to repay its lenders, suppliers, and investors. Regulators warn that the $305 billion in liabilities it has could pose a greater risk to the country’s finances if they are not stabilized.

According to four executives from banks, Evergrande has had one of its main lenders make provisions for the loss on a section of its loans to it, but others have asked that it repay more slowly.

On Sunday, the developer stated that it had begun to repay investors who invested in wealth management products that included real estate.

Market watchers believe that Evergrande will not be able to get a bailout directly from the government. Policymakers have instructed Evergrande’s main lenders to increase interest payments and rollover loans.

Evergrande has to pay $83.5 million in interest starting Sept 23rd for its March 2022 bond.

For the March 2024 bonds, Evergrande will have to pay $47.5million interest. If Evergrande does not pay interest in 30 days, the bonds will default.