Beleaguered Chinese property giant Evergrande said it has come up with a new repayment plan for disgruntled individual investors who previously purchased its wealth-management products
China Evergrande Group said it has come up with a new repayment plan for disgruntled individual investors who previously purchased its wealth-management products, as the beleaguered property giant takes further steps to work through a mountain of financial liabilities and overdue payments.
to manage its debt crisis, on Friday said one of its units has proposed to pay almost all holders of its wealth-management products 8,000 yuan—equivalent to $1,255—a month from December to February. The unit, which is known as Evergrande Wealth, said it would come up with another payment plan in March.
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