Evergrande looks to restructure, sets up risk committee
BEIJING: Embattled property giant Evergrande plans what could become China’s biggest ever debt restructuring, wrapping in all its offshore obligations, reports said, as it established a risk committee before looming payment deadlines. The company’s struggles to meet its commitments have fanned concerns about China’s property sector, which forms a substantial part of the world’s second-biggest economy. … Read more