China Evergrande The group has yet to reach an agreement with its international bondholders over a restructuring of the troubled real estate giant, according to people familiar with the matter, as a self-imposed July deadline to submit a preliminary plan looms.

The Chinese property developer, which has more than $300 billion in liabilities, has defaulted on its dollar-denominated bonds in December 2021 after months of liquidity problems. In late January, after creditors demanded updates and threatened to sue the company, Evergrande promised to publish a preliminary restructuring plan within six months.

Source by [author_name]

Previous articleLinda Evangelista Settles CoolSculpting Lawsuit After Fat Reduction Procedure
Next articleBiden will announce climate action at a former coal plant in Massachusetts.