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Evergrande Asks More Time for Debt Restructure Deal: Company

CHINA PRESS
MNI (Singapore)

China Evergrande Group on Monday asked for more time from its overseas creditors to work on a "comprehensive, detailed and effective" debt restructuring plan, according to a statement on the company website. The company called on bondholders to refrain from taking any “radical legal actions” that may affect its current hard-won stability. The company will communicate with its creditors after further studies and evaluation, citing the complexity due to the group's large size, its many businesses and stakeholders involved, the statement said.

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