Investors in financial products issued by China's largest real estate group, Evergrande, are forcibly demanding on Tuesday the return of their investments ahead of the company's Guangzhou facility. Most are afraid that their profits will be sacrificed to serve as a foundation for the real estate project.
The crowd of investors, about 100, shouts, in chorus, "give us our money back!" making a reference to the earlier demonstration by investors and suppliers as the deterioration of their financial position became evident.
The rally comes after Evergrande announced a $1,256 monthly repayment plan for investors for one quarter, starting this January, regardless of the maturity date of their investment.
Previously the real estate company said it would refund 10% by the end of the month in which the product expired, without specifying the amount. But the change in the measure has raised investors' fears about getting their money back.