Investors of a wealth management product sold by China Evergrande Group held a sit-in protest at the company’s headquarters in Shenzhen on September 16, 2021. Evergrande said it was facing “unprecedented difficulties" but denied it was about to go under. Photo: AFP
Investors of a wealth management product sold by China Evergrande Group held a sit-in protest at the company’s headquarters in Shenzhen on September 16, 2021. Evergrande said it was facing “unprecedented difficulties" but denied it was about to go under. Photo: AFP

Nine bonds of Evergrande’s flagship go on restricted trading after ratings cut in latest woe to befall indebted developer

  • Three bonds valued at 28.2 billion yuan issued by Evergrande’s Hengda Real Estate Group unit were restricted to negotiated transactions in Shanghai
  • On the stock exchange of Shenzhen in Evergrande’s hometown, six bonds valued at 25.3 billion yuan were relegated to block transactions

Topic |   China Evergrande Group
Investors of a wealth management product sold by China Evergrande Group held a sit-in protest at the company’s headquarters in Shenzhen on September 16, 2021. Evergrande said it was facing “unprecedented difficulties" but denied it was about to go under. Photo: AFP
Investors of a wealth management product sold by China Evergrande Group held a sit-in protest at the company’s headquarters in Shenzhen on September 16, 2021. Evergrande said it was facing “unprecedented difficulties" but denied it was about to go under. Photo: AFP
READ FULL ARTICLE