Mon 03/06/2023 03:57 AM
China Evergrande Group is running out of time to reach an agreement on a debt restructuring framework with some of its major creditors, including an ad hoc group, or AHG, holding over $4.5 billion of its offshore notes, sources with knowledge of the matter said. The agreement is needed to avoid a potential court-ordered liquidation of assets, with Evergrande facing a March 20 hearing on a winding-up petition in Hong Kong.
The company has to file today, March 6, affirmations that exhibit...
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