• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

China Evergrande outlines interim repayment plan for retail investors – REDD

September 10, 2021 by David Barret Leave a Comment

September 10, 2021

HONG KONG (Reuters) – Struggling property giant China Evergrande Group repaid matured wealth management products of less than 100,000 yuan ($15,531) on Sept. 9 as part of an interim repayment plan for retail investors, financial information provider REDD reported on Friday.

Citing three product holders who were briefed by investment representatives, REDD added those holding more than 100,000 yuan will have their payments extended by two to four years and amortized, with the first payment to be made next year.

** Evergrande released an interim repayment plan on Thursday.

** All interest will be paid after the principal amounts are fully repaid.

** Payments to institutional investors will be suspended to an undecided date.

** REDD reported on Wed Evergrande may suspend all payments to its wealth management products starting Sept. 8.

($1 = 6.4387 Chinese yuan renminbi)

(Reporting by Clare Jim; Editing by David Evans)

Source Link China Evergrande outlines interim repayment plan for retail investors – REDD

David Barret
David Barret

Related posts:

  1. Fire in N.Macedonian COVID-19 hospital kills at least 10
  2. Japan Airlines looking to raise $2.7 billion – sources
  3. Australia says 3,500 people have arrived from Afghanistan
  4. China Evergrande shares, bonds dive further on default worries

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • Man Broke Down Wall In His Basement And Discovered An Ancient Underground City That Once Housed 20,000 People
  • Same-Sex Penguin Couple Adopt And Raise Chick – And They’ve All Got 10/10 Names
  • Dolphins May Not “See” With Echolocation, But Instead “Feel” With It
  • Confirmed! Comet 3I/ATLAS Is Indeed An Interstellar Visitor, Quite Different From Its Predecessors
  • At 192, Jonathan – The Oldest Living Land Animal – Has Lived Through 40 US Presidents
  • 300,000-Year-Old Wooden Tools “Made By Denisovans” Discovered In China
  • Why Do Cats Eyes Glow? For The Same Reason Great White Sharks’ Do, Silly
  • G-astronomical News: Michelin-Starred Meal To Be Served On The ISS
  • In 2032, Earth May Witness A Once-In-5,000-Year Event On The Moon
  • Brand New Microscope Designed For Underwater Reveals Stunning Details Of Corals
  • The Atlantic’s Major Circulation Current Is Showing Worrying Signs, But Is Collapse Near?
  • “The Rings Held The Answer”: How We Finally Figured Out Saturn’s Day Length In 2019
  • Mystery Of Leonardo Da Vinci’s “Vitruvian Man” Solved By A Dentist And A Protractor
  • Asteroid Ryugu’s Latest Mineral Is As Weird As Finding “A Tropical Seed In The Arctic”
  • IFLScience The Big Questions: Are We Living Through A Sixth Mass Extinction?
  • Alien Abduction Or A Trick Of The Mind? A Down To Earth Explanation Of Close Encounters
  • Six Months Into Trump’s Presidency, Americans Report Record Low Pride In Being American
  • TikToker Unknowingly Handles Extremely Venomous Cone Snail And Lives To Tell The Tale
  • Scientists Sequence Oldest Egyptian DNA To Date, From A Whopping 4,800 Years Ago
  • “Uncharted Waters”: Large Hadron Collider Begins Colliding Oxygen For The First Time
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version