Evergrande has failed to deliver the debt restructuring plan it promised

Evergrande has failed to deliver the debt restructuring plan it promised

The real estate company’s failure to meet its self-imposed deadline comes at a time when China’s entire real estate sector is facing a growing mortgage boycott and a drop in home sales. According to a stock exchange filing on Friday, Evergrande instead offered some details on “preliminary restructuring principles” for its offshore debt and said …

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