Evergrande begins paying back investors with discounted properties

© Reuters. FILE PHOTO: An exterior view of the China Evergrande Center in Hong Kong, China March 26, 2018. REUTERS / Bobby Yip / File Photo / File Photo

(Reuters) – China Evergrande Group on Saturday launched a process to reimburse investors for its overdue investment products with discounted properties, Bloomberg News reported on Saturday.

Investors who opt for discounted real estate instead of cash can start contacting wealth managers for more details, according to the report, citing a Wechat article by Evergrande’s fortune division.

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