China Evergrande to delay loan interest payments to banks, REDD reports
SHANGHAI (Reuters) – Real estate developer China Evergrande Group plans to suspend interest payments owed on loans to two banks on September 21, financial intelligence provider REDD reported on Wednesday, citing four sources told by bankers.
Evergrande has delayed payments to several trust companies, REDD reported, adding that the company may suspend all payments for its wealth management products from September 8.
Evergrande did not immediately respond to a request for comment from Reuters.
Reporting by Andrew Galbraith and Clare Jim; Editing by Edmund Blair
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