Hengda Seeks Delay; Yuzhou Property Unit Sale: Evergrande Update
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China Evergrande Group’s onshore unit is seeking to delay an option for investors to demand early repayment, while China Huarong Asset Management Co. plunged as it resumed trading following a $6.6 billion bailout, the type of state-orchestrated rescue that appears unlikely for Evergrande.
Hengda Real Estate will hold a meeting online with investors starting Friday as it tries to delay a Jan. 8 put option, it said in a statement to the Shenzhen stock exchange. Two developers meanwhile are delaying dividend payments to hoard cash.