Evergrande debt revamp plan fails to cheer investors, property stocks fall

HONG KONGĀ  -China Evergrande Group’s debt restructuring proposal, a test of investor sentiment toward the battered property sector, failed to impress because of its long repayment period and lack of enough sweeteners, creditors and analysts said. Evergrande is the world’s most indebted developer with about $300 billion in liabilities. Its debt restructuring, the country’s biggest … Continue reading Evergrande debt revamp plan fails to cheer investors, property stocks fall