Evergrande snags payment extension as more Chinese developers race to avert defaults

January 14, 2022 7:35 AM

HONG KONG/SHANGHAI (REUTERS) – China Evergrande Group has secured a crucial approval from onshore bondholders to delay payments on one of its bonds, as other cash-strapped developers also scrambled to negotiate new terms with creditors to avoid defaults.

Source : https://www.straitstimes.com/business/property/evergrande-snags-payment-extension-as-more-chinese-developers-race-to-avert-defaults