EGRNF - China Evergrande faces protests from investors home buyers

China Evergrande Group (OTCPK:EGRNF) stock falls 2.1% as homebuyers, retail investors and some of its own employees stage protests, demanding repayments on overdue wealth management products, Bloomberg reports. On late Monday, police were sent to the company's Shenzhen headquarters after dozens of  people demanding repayment gathered. The company issued a statement on Monday, saying reports that it will go bankrupt are untrue. Its bonds, though, are pricing in a near-certain probability of default with its dollar note due 2022 declining by6 ~2 cents to 31 cents on Monday, Bloomberg reports. The property developer has more than $300B in liabilities, making it one of the most systematically important companies in China. Evergrande (OTCPK:EGRNF) has proposed three repayment plans for its wealth management products, Bloomberg said, citing two investors who were informed by their product managers. Those options include repayment through cash installments, properties, or investors' payables on residential units they have already bought,

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China Evergrande faces protests from investors, home buyers