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

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

The Star Online - Business·2023-03-23 19:07

HONG KONG: China Evergrande Group's debt restructuring proposal, a test of investor sentiment towards the battered property sector, failed to impress because of its long repayment period and lack of enough sweeteners, creditors and analysts said.

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