Evergrande has failed to deliver the debt restructuring plan it promised

Evergrande has failed to deliver the debt restructuring plan it promised

The real estate company’s failure to meet its self-imposed deadline comes at a time when China’s entire property sector is dealing with a growing mortgage boycott and slumping housing sales. According to an exchange filing on Friday, Evergrande offered instead some details on ‘preliminary restructuring principles’ for its offshore debt, and said it aims to …

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