[Hong Kong, 26th Archyde.com]–It was revealed at a conference call for investors held by China Evergrande Group, a major Chinese real estate developer, on the 26th that it aims to prepare a provisional reconstruction plan within half a year. ..
This is the first time such a conference call has been held since the payment of some dollar-denominated debt of China Evergrande failed.
Mr. Xiao Yong, chairman of China Evergrande New Energy Automobile Group (Hengda Automobile) and newly appointed director of China Evergrande, is working on a comprehensive reconstruction plan at a telephone conference, and proposes within half a year. Expressed his intention to aim for. He said he would like to work with creditors to resolve the issue.
According to materials submitted to the stock exchange shortly after the conference call, Evergrande China will continue to listen carefully to creditors’ opinions and suggestions.
However, some creditors said China’s Evergrande plan lacked insight and was disappointed with the content of the conference call. “The conference call was disappointing. It’s been six months to come up with a restructuring plan,” said Seaport Global’s Emerging Markets Credit Analyst.