Firm sweetens deal for early supporters
HONG KONG: Embattled property developer China Evergrande Group expected a signal on Thursday of the level of creditor backing for its offshore debt restructuring proposal, with investors to be given an incentive for early support.
While some major creditors have already agreed to support the restructuring proposal, others are eager to cut ties with the debt-laden company and move on.
Evergrande, the world’s most indebted property developer with $300 billion of total liabilities, has been at the…
