Embattled Chinese developer Evergrande has released a new timeline for its delayed restructuring process.
Evergrande, which had buckled under $300bn of debt, said it expected to sign an agreement with creditors by the end of the month, adding that the restructuring would probably be effective from October.
The developer is attempting to move closer to an arrangement with the international investors owed more than $20bn by the group.
Start your free trial today
Your trusted daily source of commercial real estate news and analysis. Register now for unlimited digital access throughout April.
Including:
As his first solo venture launches, Schama wants to redefine hospitality advisory
Retention rate is significantly ahead of underwrite assumption
Suitor had been due to make offer or walk away by 5pm today
A look ahead to what is happening in the world of commercial real estate this week
