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

Topic |   Evergrande crisis
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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