EVGPF - Countdown to Crisis: Evergrande In Last Minute Talks with Major Creditors To Avert Liquidation | Benzinga
Crisis-hit Chinese property giant Evergrande Group (OTC: EGRNF) and its major foreign creditors are racing against the clock to strike a last-minute deal, aiming to avoid the liquidation of the company's offshore businesses scheduled for Monday.
The negotiations follow the collapse of a previous restructuring attempt vetoed by Chinese regulators. The proposed deal involves Evergrande offering its creditors approximately ...