A Look at Evergrande’s Restructuring Scenarios as Key Date Looms
- Evergrande faces winding-up hearing on March 20 in Hong Kong
- Talks with ad-hoc creditor group are a key factor in outcome
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The clock is ticking for China Evergrande Group to announce a detailed debt restructuring plan.
The defaulted developer at the center of China’s broader property debt crisis faces a March 20 court hearing in Hong Kong on a winding-up petition. The judge had urged the firm last year to present “something more concrete” at the gathering.