HomeBusinessChina Evergrande seeks more time from creditors for debt restructuring plan

China Evergrande seeks more time from creditors for debt restructuring plan

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

The firm is on the forefront of China’s property sector disaster with over $300 billion in liabilities.

(Reporting by Arundhati Dutta in Bengaluru; Editing by Arun Koyyur)

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