(AF) China Evergrande said six of its executives had cashed out early from investment products that the troubled property developer later said it may not be able to repay on time, the Financial Times reported.
The company said the six faced “severe penalties” and would pay back the money, the report stated. The six were among more than 40 executives who had bought the investments to help ease Evergrande’s debt problems, the report added. Full report: Financial Times
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