Chinese regulators order Evergrande to meet obligations
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Aw Cheng Wei China Correspondent In Beijing, Aw Cheng Wei
Regulators in China are said to have instructed developer Evergrande Group to focus on completing unfinished properties and repaying investors while avoiding a near-term default.
But it offered no financial support to the company which has yet to pay US$83.5 million (S$112.5 million) in bond interest due yesterday.
