15 June, 2024
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China Evergrande seeks more time from creditors for debt restructuring plan

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Mon, 2022-01-24 15:06

Indebted property developer China Evergrande on Monday sought more time from overseas creditors to formulate a debt restructuring plan that benefits all stakeholders and urged them not to take any ‘radical’ legal actions.


The company is at the forefront of China’s property sector crisis with over $300 billion in liabilities.

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