Six executives of heavily indebted China Evergrande Group have returned funds from early redemptions of the company's investment products, the property group said on Saturday.
The China Evergrande Centre building sign is seen in Hong Kong, China, September 23, 2021. REUTERS/Tyrone Siuhave returned funds from early redemptions of the company's investment products, the property group said on Saturday.
Evergrande, in a liquidity crisis with over $300 billion in liabilities as offshore bondholders fear anThe redemption occurred earlier this year and all funds were returned in full before Friday, the company said in a statement. It said it has imposed punishment and held the six accountable, but gave no details.
Between May 1 and Sept. 7, the six executives made early redemptions of 12 investment products without identifying the executives or giving details on the nature of the products.
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