China Evergrande shares tumble for second day after unit misses bond payment

China Evergrande Group shares slid for a second consecutive session on Tuesday, dropping as much as 8 per cent after a unit of the embattled property developer missed an onshore bond repayment.

China Evergrande shares tumble for second day after
Evergrande has been seeking creditors' approval for its proposals to restructure offshore debt worth $31.7 billion that includes bonds, collateral, and repurchase obligations. Image Source: Reuters

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