'Evergrande return our money!' Investors protest at office of Chinese developer


GUANGZHOU: Investors in financial products issued by China Evergrande Group protested outside the cash-strapped company's offices in Guangzhou on Tuesday, with many worried that their returns would be sacrificed to keep real estate projects afloat.

Members of the crowd of roughly 100 people shouted "Evergrande, return our money!", reprising a chant used by disgruntled investors and suppliers last autumn as the deterioration in its financial position became apparent.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

China Evergrande , wealth management

   

Next In Business News

Bursa securities approves AirAsia X's fund raising exercise
Kimlun wins RM95.4mil construction contracts
MBSB to acquire MIDF from PNB for RM1.01bil
First-time house buyers to continue enjoying stamp duty exemption - MoF
Ringgit extends recovery against US dollar on better risk appetite
Abdul Rasheed Ghaffour appointed as Bank Negara governor for 5 years effective July 1
Kenanga Investment Bank commemorates 50th anniversary
Radium Development's subsidiary to acquire 2 pieces of land in KL for RM71.8mil
Double win for S P Setia at FIABCI World Prix d’Excellence Awards 2023
Power root, SAPPE ink co-investment agreement to expand businesses

Others Also Read