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Bangkok Post
Bangkok Post
Business

INSANE: Evergrande debt plan put to the test | Vintage Vibes

An aerial view of buildings developed by China Evergrande Group that are scheduled for demolition, on an island in Danzhou, Hainan province in January 2022. REUTERS

HONG KONG: Embattled property developer China Evergrande Group expected a signal on Thursday of the level of creditor backing for its offshore debt restructuring proposal, with investors to be given an incentive for early support.

While some major creditors have already agreed to support the restructuring proposal, others are eager to cut ties with the debt-laden company and move on.

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