Property News · January 27, 2022

Evergrande aims to unveil debt restructuring in six months’ time after bond defaults as creditors begin to lose patience


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