Evergrande promises debt revamp plan in 6 months as creditors lose patience

Embattled China Evergrande Group has promised investors and creditors that it will roll out a debt restructuring plan in the next six months.The world’s most indebted developer with 1.97 trillion yuan (US$310 billion) of liabilities “will continue to listen carefully to the opinions and suggestions of the creditors” and will formulate a preliminary restructuring plan, it said in a filing to Hong Kong stock exchange late on Wednesday, after a call with investors.The Chinese real estate firm…

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