Evergrande wants to postpone payments for six months

Beijing / Hong Kong The construction company China Evergrande, which has got into financial difficulties, wants to postpone the payment date for payments due soon. The proposed change in the repayment date from January 8th to July 8th was due to the financial situation, the group announced on Wednesday without further details.

Evergrande invites its creditors to an online meeting from January 7th to 10th, followed by a vote. In the run-up to the negotiations, bond trading will be suspended from January 6, said the Hengda Real Estate Group, the flagship of the Evergrande real estate division.

.
source site-11