On Thursday, the group missed a key deadline to make an $80 million repayment to overseas investors. The company now has a 30-day grace period to make that payment. If Evergrande still doesn’t pay up, it’s going to result in default.
Evergrande Misses Key $80 Million Payment
By NTD Newsroom
China in Focus Weekly Newsletter
Find out what's really going on in China
Success! You are now subscribed.
By registering for the newsletter, you agree to the Privacy Policy.