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 remaining...
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