Evergrande

Evergrande misses deadline for $300bn debt restructuring plan

Evergrande misses deadline for $300bn debt restructuring plan

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Evergrande has failed to meet a self-imposed deadline for a proposal to restructure its $300bn in liabilities, adding to uncertainty over the fate of the world’s most indebted real estate developer. The struggling property business, which was the most prominent default last year in a sector-wide liquidity crisis in China that shook its entire real …

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Snowballing crisis at Evergrande, world's most indebted developer

Snowballing crisis at Evergrande, world’s most indebted developer

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HONG KONG, July 29 (Reuters) – China Evergrande Group (3333.HK) will offer asset packages that may include shares in its two overseas-listed businesses as a sweetener for restructuring offshore debt, the developer said, as a stifling liquidity crisis in the property sector continues. Evergrande’s restructuring proposal came on Friday as China’s property sector, a key …

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