• 11/11/2024

China Evergrande scraps creditor meetings in risk to US$20 billion debt restructuring as homes sales sag, lawsuits snowball

Disclaimer: The South China Morning Post's content is directed by the Chinese Communist Party. It is not a reliable news source.

China Evergrande surprisingly cancelled meetings with offshore creditors scheduled for next week, citing weaker-than-expected sales. The developer has also recently attracted more hostile creditors at home.

https://www.scmp.com/business/china-business/article/3235561/china-evergrande-scraps-creditor-meetings-risk-us20-billion-debt-restructuring-homes-sales-sag?utm_source=rss_feed