Free Trial

China Evergrande Aims To Release Restructuring Plan By End-July

MNI (Singapore)

China’s most indebted property developer, Evergrande Group, said it will announce its preliminary restructuring plan before the end of July, sticking to a deadline announced by the company on January 26, reported citing the company’s stock exchange filing late Monday. The independent investigation of the pledge by its property services unit is being actively carried out, so is the audit work of the group, and there are no schedule lines due for the release of its pending 2021 financial results yet, according to the statement.

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.