<p>China Evergrande Group kicked off a process on Saturday to repay investors in its overdue investment products with discounted properties.</p>.<p>Investors who opt for discounted real estate in lieu of cash can start contacting wealth managers for more details, Evergrande’s wealth division said in a post on its Wechat account. </p>.<p>More than 70,000 people bought the products, including many Evergrande employees, <em>Bloomberg </em>reported earlier, citing an executive of Evergrande’s wealth division. About 40 billion yuan ($6.2 billion) of the products are now due, <em>Caixin</em> reported.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/international/evergrande-says-six-execs-redeemed-investment-products-in-advance-1031670.html" target="_blank">Evergrande says six execs redeemed investment products in advance</a></strong></p>.<p>In an effort to steer investors away from cash repayments, the company is pushing steep discounts on property assets. Investors can invest in residential housing units at a 28 per cent discount, offices at a 46 per cent discount, and stores and parking units at 52 per cent.</p>.<p>For the cash option, investors can choose to be repaid 10 per cent of their principal and interest every quarter, with full repayment in two and a half years, Bloomberg reported earlier. Investors in the products can also opt for payment discounts on residential units they’ve already purchased, according to the revised plan unveiled Monday. </p>.<p><strong>Check out DH's latest videos:</strong></p>
<p>China Evergrande Group kicked off a process on Saturday to repay investors in its overdue investment products with discounted properties.</p>.<p>Investors who opt for discounted real estate in lieu of cash can start contacting wealth managers for more details, Evergrande’s wealth division said in a post on its Wechat account. </p>.<p>More than 70,000 people bought the products, including many Evergrande employees, <em>Bloomberg </em>reported earlier, citing an executive of Evergrande’s wealth division. About 40 billion yuan ($6.2 billion) of the products are now due, <em>Caixin</em> reported.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/international/evergrande-says-six-execs-redeemed-investment-products-in-advance-1031670.html" target="_blank">Evergrande says six execs redeemed investment products in advance</a></strong></p>.<p>In an effort to steer investors away from cash repayments, the company is pushing steep discounts on property assets. Investors can invest in residential housing units at a 28 per cent discount, offices at a 46 per cent discount, and stores and parking units at 52 per cent.</p>.<p>For the cash option, investors can choose to be repaid 10 per cent of their principal and interest every quarter, with full repayment in two and a half years, Bloomberg reported earlier. Investors in the products can also opt for payment discounts on residential units they’ve already purchased, according to the revised plan unveiled Monday. </p>.<p><strong>Check out DH's latest videos:</strong></p>