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China Evergrande gets $260 million guarantee demand -Breaking

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© Reuters. FILEPHOTO: China Evergrande Group’s headquarters can be seen in Shenzhen (Guangdong Province, China) September 26th 2021. REUTERS/Aly Song

(Reuters] – China Evergrande Group announced Friday it has received a demand for a $260 Million guarantee obligation and that it might not be able pay due to a liquidity crisis.

According to the company, it said that they were in negotiations with creditors regarding a restructuring plan.

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