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China Evergrande reaches deal with investors, moves toward avoiding cash crunch

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China's Evergrande Group, the world’s most indebted developer, on Tuesday said that it reached an agreement with a group of strategic investors, a major step toward avoiding a cash crunch that had threatened to roil the country's financial system.

China's Evergrande reached a deal with investors holding 86.3 billion yuan of its unit to not ask the indebted property developer to repurchase their holdings, the company said.

That group represents . . .

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