Evergrande will struggle to revive its debt restructuring plan to stave off liquidation

Evergrande will struggle to revive its debt restructuring plan to stave off liquidation

FILE PHOTO: The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly Song/File Photo

China Evergrande is trying to stave off liquidation by revising its debt restructuring plan, but its biggest challenge will be convincing its creditors, and shareholders in two of its units, that the proposal is worth their while.

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