Evergrande (3333 HK) and its biggest foreign creditors are negotiating an 11th hour deal to prevent a liquidation of Evergrande's offshore businesses on Monday, according to WSJ citing sources
- In recent proposal, co. offered to give control of ~20% of its China Evergrande group to its creditors.
Via WSJ
Analysis details (16:23)
- Note, earlier on Friday morning Reuters citing sources said Evergrande (3333 HK) has reportedly proposed new debt restructuring terms to offshore creditors this week. Proposes repaying debt with equity/certificates.
01 Dec 2023 - 16:22- Important- Source: WSJ
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