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Friday, April 19, 2024

Evergrande Told to Cough Up $1.1 Billion for Previously Undisclosed Guarantees

Embattled property developer China Evergrande Group said one of its units has been told to honor a $1.1 billion guarantee, revealing yet another large financial obligation that wasn’t previously disclosed. Evergrande, in a regulatory filing on Sunday, said one of its subsidiaries in China had provided …

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