Evergrande Misses Overhaul Proposal Deadline Amid Creditor Talks
- Chinese company has about 1.97 trillion yuan of liabilities
- Evergrande yet to announce offshore debt-restructuring plans
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China Evergrande Group delayed releasing a much-anticipated restructuring plan again, missing a self-imposed deadline and disappointing creditors seeking to salvage investments.
The world’s most indebted developer has yet to announce its offshore debt-restructuring plans, falling short on its promise to do so by the end of 2022. Evergrande didn’t immediately respond to a request seeking comment during non-business hours.