Embattled China Evergrande Group has promised investors and creditors that it will roll out a debt restructuring plan in the next six months.The world’s most indebted developer with 1.97 trillion yuan (US$310 billion) of liabilities “will continue to listen carefully to the opinions and suggestions of the creditors” and will formulate a preliminary restructuring plan, it said in a filing to Hong Kong stock exchange late on Wednesday, after a call with investors.The Chinese real estate firm…
Source : South China Morning Post
Read more…Evergrande aims to unveil debt restructuring in six months’ time after bond defaults as creditors begin to lose patience















