SHANGHAI, (Reuters) – Six senior executives from China Evergrande Group are now able to repay funds they received for early redemptions of investment products.

Evergrande, in a liquidity crisis with over $300 billion in liabilities as offshore bondholders fear an imminent default https://www.reuters.com/world/china/chinese-markets-return-break-more-evergrande-angst-2021-10-07, has not spoken publicly about missing recent interest payments to bondholders.

According to the company, all funds had been returned before Friday and that redemption took place earlier in the year. The company stated that it had imposed sanctions and made the six responsible, without giving any details.

Six executives made early redemptions in 12 investment products, without the need to identify them or give details regarding the products.

China’s freedom-loving, building and borrowing era has been epitomized by the company. Markets have been shaken by uncertainty about China’s ability to fulfill its funding obligations, which are equal to 2% China’s gross national product.

The group has been hit by recent ratings downgrades, with both S&P Global (NYSE:) Ratings and Fitch Ratings warning of the risk of default.