Beijing | China Evergrande Group is seeking to complete one of the countrys biggest debt restructurings after posting a combined loss of more than $US81 billion ($118.6 billion) over two years.
The defaulted real estate giant asked to convene meetings for offshore creditors to approve its debt overhaul plan, after reporting long-delayed financial statements for 2021 and 2022. Court hearings are scheduled for next week, exchange filings showed late on Monday.
The construction site of a former Evergrande project in Beijing. Bloomberg
Losses at Chinas most indebted developer shed light on the companys latest struggles, offering creditors more clues as Evergrande seeks to restr…
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