A person familiar with the matter revealed that the China Evergrande Group plans to communicate with the foreign creditors as soon as the first week of December to fulfill the company's promise of the reorganization plan before the end of this year.
Bloomberg Society on Thursday (November 24) quoted anonymous insiders reported that the restructuring plan will include debt -to -equity to Evergrande Property and Evergrande Automobile, which says that it is almost difficult for outshore creditors to get it.China Evergrande's domestic assets are debt.The capital contribution is at least $ 2 billion (S $ 2.7 billion) as a condition for accepting the company's debt restructuring plan.
The aforementioned actions are consistent with the assets of Evergrande's assets accelerated by creditors supported by the state in mainland China, showing that Beijing may be close to the fate of Evergrande, which will be close to the world's largest debt crisis.
People familiar with the matter said that when the financial regulatory authorities have recently had an informal dialogue with some domestic creditors, they urged them to sell them by the end of the year.Don't wait until Evergrande's full reorganization plan is released.
People familiar with the matter continued that the discussion was still in progress, and there was a variable plan.China Evergrande and the Guangdong Provincial Government have not immediately responded to the request of comment.
