Evergrande Says 6 Execs Have Returned Funds From Advance Redemption of Products

Evergrande Says 6 Execs Have Returned Funds From Advance Redemption of Products
The China Evergrande Center building sign is seen in Hong Kong, on Sept. 23, 2021. Tyrone Siu/Reuters
|Updated:

SHANGHAI—Six executives of heavily indebted China Evergrande Group have 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 an imminent default, has not spoken publicly about missing recent interest payments to bondholders.