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.
Source: News Formal (newsformal.com)
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