China Evergrande obtains US$260 million in guarantee demand Reuters

© Reuters. File photo: The company logo can be seen at the headquarters of China Evergrande Group in Shenzhen, Guangdong Province, China on September 26, 2021. REUTERS/Aly Song

(Reuters)-China Evergrande Group said on Friday that it has received a request for a guarantee obligation of US$260 million and said it may not be able to repay due to liquidity constraints.

It stated that it is in discussions with creditors to formulate a restructuring plan.

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