<p>Six executives of China's heavily indebted Evergrande had redeemed some of the company's investment products in advance earlier this year, the property group said on Saturday.</p>.<p>Between May 1 and Sept. 7, the six executives made early redemptions of 12 investment products, Evergrande said in a statement on its website, without identifying the executives or giving details on the nature of the products.</p>.<p>"Regarding the early redemption of Evergrande wealth investment products by some managers, the group company views the matter seriously," the company said.</p>.<p>Evergrande said it had requested that all the funds redeemed by the six managers in advance be returned within a certain time frame.</p>.<p>Severe penalties would also be imposed, it said.</p>.<p>Evergrande, with over $300 billion in liabilities, is in the throes of a liquidity crisis that has left it racing to raise funds to pay its many lenders and suppliers.</p>.<p>The company has epitomised China's freewheeling era of borrowing and building. Uncertainty about its ability to meet funding obligations - equal to 2 per cent of China's gross domestic product - has sent jitters through markets.</p>.<p>The group has been hit by recent ratings downgrades, with both S&P Global Ratings and Fitch Ratings warning of the risk of default.</p>.<p><strong>Check out DH's latest videos</strong></p>
<p>Six executives of China's heavily indebted Evergrande had redeemed some of the company's investment products in advance earlier this year, the property group said on Saturday.</p>.<p>Between May 1 and Sept. 7, the six executives made early redemptions of 12 investment products, Evergrande said in a statement on its website, without identifying the executives or giving details on the nature of the products.</p>.<p>"Regarding the early redemption of Evergrande wealth investment products by some managers, the group company views the matter seriously," the company said.</p>.<p>Evergrande said it had requested that all the funds redeemed by the six managers in advance be returned within a certain time frame.</p>.<p>Severe penalties would also be imposed, it said.</p>.<p>Evergrande, with over $300 billion in liabilities, is in the throes of a liquidity crisis that has left it racing to raise funds to pay its many lenders and suppliers.</p>.<p>The company has epitomised China's freewheeling era of borrowing and building. Uncertainty about its ability to meet funding obligations - equal to 2 per cent of China's gross domestic product - has sent jitters through markets.</p>.<p>The group has been hit by recent ratings downgrades, with both S&P Global Ratings and Fitch Ratings warning of the risk of default.</p>.<p><strong>Check out DH's latest videos</strong></p>