The administrator of a major Evergrande onshore unit has asked creditors to provide details about the debt the embattled property developer owes to them...
HONG KONG - The administrator of a major Evergrande onshore unit has asked creditors to provide details about the debt the embattled property developer owes to them ahead of the first creditor meeting to be held on Nov. 14, official filings showed.
The petition comes after a Hong Kong court in January ordered China Evergrande Group, the offshore holding company, to be liquidated after failing to provide a satisfactory restructuring plan for $23 billion in offshore debt. A Hong Kong liquidation order, however, is not automatically recognised in mainland China.
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Administrator Evergrande Liquidation Proceedings
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