Advisers representing China Evergrande Group and a group of its offshore bondholders have taken what’s often a first step toward negotiations as the embattled developer faces a cash crunch, according to people with knowledge of the matter.
Company advisers Houlihan Lokey Inc. and Admiralty Harbour Capital along with offshore bondholder advisers Moelis & Co. and Kirkland & Ellis, signed non-disclosure agreements in preparation for potential talks, the people said.
