UPDATE 2-Evergrande aims to win approval for restructuring proposals early next year ...Middle East

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UPDATE 2-Evergrande aims to win approval for restructuring proposals early next year
source : Devdiscourse ( Middle East ) () 31
Embattled property developer China Evergrande Group aims to win creditors' approval for its debt restructuring proposals by as early as the end of February, the company's lawyers said on Monday. Once China's top-selling developer, Evergrande is now at the centre of the country's property crisis. Its $22.7 billion of offshore debt, including loans and private bonds, is deemed to be in default after missed payments late last year.

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