Evergrande finally unveils restructuring plan with support from ad-hoc group
The end of the beginning for the posterchild of China's real estate crisis? (Credit: Shutterstock/ ZorroGabriel)
Chinese real estate behemoth Evergrande has unveiled a long-awaited restructuring plan targeting offshore notes worth around US$19 billion, which has secured the support of an ad hoc group of creditors advised by Harneys and Kirkland & Ellis.
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