China Evergrande Group assured investors it was on track to provide creditors with a preliminary restructuring proposal by the end of July and urged patience.
The developer asked investors in a call Tuesday evening in Hong Kong not to take aggressive action so it can proceed with its holistic plan for all creditors, according to people on the call. A company executive emphasized Evergrande would seek to strengthen communication with them, the people said, asking not to be identified as the details are private.
