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)
