Snowballing crisis at Evergrande, world's most indebted developer

Snowballing crisis at Evergrande, world’s most indebted developer

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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