October 28, 2021

Politics & News

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Car Unit’s Stock Sinks After Listing Scrapped: Evergrande Update

1 min read

Some of these lenders, known as trusts, have already dipped into their own pockets to repay wealthy investors on Evergrande’s behalf, according to people familiar with the matter. Others are negotiating payment extensions with Evergrande, said the people, asking not to be identified discussing private matters. It’s not clear how much of the funds are in arrears and there’s no evidence that trusts are passing payment delays on to customers who bought fixed-income products tied to Evergrande.

Ken McCallum
2021-09-26 21:48:21

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