China’s real estate company Evergrande averts bankruptcy for the time being – finances & stock market

The Chinese real estate developer Evergrande bought more time. For an interest payment, for which the 30-day grace period for payment would have expired, the group has now collected the money and paid the creditors. If that had not been the case, the group, which has branched out into many industries, would have had to report an official default on payment, which would hardly have averted bankruptcy.

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