The headquarters of China Evergrande Group in Shenzhen. The builder faces another US$366 million in interest payments on its onshore and offshore debt – some already overdue – by the end of this year. Photo” Reuters
The headquarters of China Evergrande Group in Shenzhen. The builder faces another US$366 million in interest payments on its onshore and offshore debt – some already overdue – by the end of this year. Photo” Reuters

Evergrande to work on US$260 million of debt obligation under state supervision as it runs out of cash

  • Billionaire Hui Ka-yan, the controlling shareholder of China Evergrande, has been summoned by the Guangdong government to discuss his company’s liquidity crisis
  • ‘There is no guarantee that the group will have sufficient funds to continue to perform its financial obligations’, developer says in late exchange filing

The headquarters of China Evergrande Group in Shenzhen. The builder faces another US$366 million in interest payments on its onshore and offshore debt – some already overdue – by the end of this year. Photo” Reuters
The headquarters of China Evergrande Group in Shenzhen. The builder faces another US$366 million in interest payments on its onshore and offshore debt – some already overdue – by the end of this year. Photo” Reuters
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