International Business: China Evergrande gets $260 mln demand, warns of non-payment – Gulf Digital News

International Business: China Evergrande gets $260 mln demand, warns of non-payment – Gulf Digital News

China Evergrande has got a demand under a $260 million guarantee obligation, the company said on Friday, adding it may be unable to repay due to a liquidity crisis that has gripped China's property sector.

Repayment dates under certain other agreements may be pulled forward if it was unable to meet the obligation, the company warned.

Evergrande, once China's top-selling developer, has already failed to pay coupons totalling $82.5 million due on Nov. 6 as it stumbles from debt deadline to deadline and grapples with more than $300 billion in liabilities.