China Evergrande creditors seek controlling stakes in new proposal

China Evergrande creditors seek controlling stakes in new proposal

FILE PHOTO: An Evergrande sign is seen near residential buildings at an Evergrande residential complex in Beijing, China September 27, 2023. REUTERS/Florence Lo/File Photo

A group of offshore creditors to China Evergrande Group is asking for a controlling equity stake of the developer and two of its Hong Kong subsidiaries as part of company’s revised debt restructuring proposal, a source familiar with the matter said on Friday.

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