Evergrande proposes new debt restructure for offshore bondholders
Edited By WION Video Desk
Published: Nov 02, 2023, 06:25 IST | Updated: Nov 02, 2023, 06:25 IST
Embattled Chinese realty giant Evergrande has proposed a new debt restructuring plan for offshore bondholders. sources say the company offers to turn their debts into about a 30% equity stake in each of the developer's two Hong Kong-listed subsidiaries.
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