HONG KONG, Jan 27 ― Shares of China Evergrande Group tumbled today, as investors in the debt-laden developer were sceptical of the company's thinly detailed plan to have a preliminary restructuring proposal in place in six months.
Late yesterday, Evergrande's executives told creditors in a call it hoped to work with them to achieve a risk management solution, and it would treat all categories of creditors “fairly and follow international practice”. The company also urged creditors not to take any “aggressive legal actions.”
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