US News

‘Evergrande return our money!’ Investors protest at office of Chinese developer

Published by
Reuters

By David Kirton GUANGZHOU, China (Reuters) – Investors in financial products issued by China Evergrande Group protested outside the cash-strapped company’s offices in Guangzhou on Tuesday, with many worried that their returns would be sacrificed to keep real estate projects afloat. Members of the crowd of roughly 100 people shouted “Evergrande, return our money!”, reprising a chant used by disgruntled investors and suppliers last autumn as the deterioration in its financial position became apparent. On Friday, Evergrande announced a dial-back of plans to repay investors in its wealth managemen…

Read More

Facebook Comments

Check Also

Germany’s CDU to elect Merz as new leader following election debacle

Published by DPA Germany’s Christian Democrats (CDU) are ...

Archives