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Evergrande Says to Have A Restructure Plan in Six Months

MNI (Singapore)

China Evergrande Group aims to present a preliminary debt restructuring plan in six months as the company conducts an audit, according to a company statement on Hong Kong Exchanges and Clearing late Wednesday. The indebted developer reiterated that it will assess the status of the company and formulate a plan to safeguard the rights of stakeholders while listening carefully to creditors.

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