Mon 09/13/2021 00:48 AM
China Evergrande Group has offered delayed installment cash repayment of matured wealth management products issued by its Evergrande Wealth unit, according to a notice to investors released this morning, Sept. 13, that was viewed by Reorg.
Investors in the wealth management products, who include Evergrande employees and other individuals, may opt to choose from cash installment payments, repayment with Evergrande’s property assets and having the principal and interest offset by
This article is an example of the content you may receive if you subscribe to a product of Reorg Research, Inc. or one of its affiliates (collectively, “Reorg”). The information contained herein should not be construed as legal, investment, accounting or other professional services advice on any subject. Reorg, its affiliates, officers, directors, partners and employees expressly disclaim all liability in respect to actions taken or not taken based on any or all the contents of this publication. Copyright © 2021 Reorg Research, Inc. All rights reserved.