Evergrande Pays Back Some Cash Owed to Wealth Product Investors
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China Evergrande Group started returning a small portion of the money owed to buyers of its investment products, weeks after people protested against missed payments.
The distressed developer paid the first 10% installment of wealth management products due September on Thursday, in line with a repayment plan announced earlier, according to a statement on its website. Payments have been deposited into investors’ accounts, it said.