Troubled property developer China Evergrande Group announced on Friday that it is modifying the terms of its proposed offshore debt restructuring deal to meet the firm’s current situation and creditors’ demands but declined to provide details.
“In light of the Company’s current situation and consultations with its advisors and creditors, the Company is revising the terms of the Proposed Restructuring to meet the Company’s objective situation and the demand of the creditors,” according to a voluntary statement from Evergrande to the Hong Kong Stock Exchange.
