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Evergrande begins repaying investors with discounted properties

This is in lieu of cash

Updated 4 years ago · Published on 19 Sep 2021 5:30PM

Evergrande begins repaying investors with discounted properties
China Evergrande Group yesterday kicked off a process yesterday to repay investors. – Reuters pic, September 19, 2021

BEIJING – China Evergrande Group kicked off a process yesterday to repay investors in its overdue investment products with discounted properties, Bloomberg News reported.

Investors who opt for discounted real estate in lieu of cash can start contacting wealth managers for more details, the report said, citing a Wechat post by Evergrande’s wealth division. – Reuters, September 19, 2021

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