Salem Radio Network News Thursday, October 21, 2021

Business

Evergrande begins repaying investors with discounted properties – Bloomberg News

(Reuters) – China Evergrande Group kicked off a process on Saturday to repay investors in its overdue investment products with discounted properties, Bloomberg News reported on Saturday.

Investors who opt for discounted real estate in lieu of cash can start contacting wealth managers for more details, the report said, citing a Wechat post by Evergrande’s wealth division.

(Reporting by Aishwarya Nair in Bengaluru; Editing by William Mallard)

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