Evergrande Group postpones offshore debt restructuring

As a result, it also called off the meeting linked to the proposed restructuring.

HKEX-listed China Evergrande Group put on hold its offshore debt restructuring “to meet the company’s objective situation and the demand of the creditors.”

The company also said its relevant scheme meetings linked to the proposed restructuring dated 25 September and 26 September will not be held.

“The Company will make a further announcement(s) when there is an update in respect of amendment to the terms of the Proposed Restructuring,” read the HKEX statement.

Holders of the Company’s securities and potential investors are recommended to exercise caution when dealing in the securities of the Company.