A group of offshore creditors of China Evergrande Group has called the debt-stricken developer’s efforts to obtain regulatory approval to issue new securities as a “botched attempt” adding that there was “zero clarity” as to why such a fundraising exercise was disallowed.
Source : South China Morning Post
Read more…Creditors of China’s debt laden property giant Evergrande censure ‘botched efforts’ to get regulatory nod for fundraising
