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Exclusive-China Evergrande seeks to avoid liquidation with last-ditch debt plan-sources

China Evergrande Group, the world's most indebted property developer, is seeking to avert a potentially imminent liquidation with a last-minute debt restructuring proposal, three people with direct knowledge of the matter said. The defaulted company has until a Hong Kong court hearing on Monday to present a "concrete" revised debt restructuring proposal for offshore creditors, a judge said last month after its original plan had lapsed. But the sources, who declined to be named a...
New South Wales Hong Kong Clare Jim William Mallard Alvarez Marsal Sumeet Chatterjee
Source: yahoo.com

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