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Evergrande says six execs redeemed investment products in advance

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Reuters

BEIJING (Reuters) – Six executives of China’s heavily indebted Evergrande had redeemed some of the company’s investment products in advance earlier this year, the property group said on Saturday. Between May 1 and Sept. 7, the six executives made early redemptions of 12 investment products, Evergrande said in a statement on its website, without identifying the executives or giving details on the nature of the products. “Regarding the early redemption of Evergrande wealth investment products by some managers, the group company views the matter seriously,” the company said. Evergrande said it ha…

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