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China Evergrande Aims To Release Restructuring Plan By End-July

CHINA PRESS
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, Yicai.com 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.

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