Liquidators of China Evergrande file winding-up petition against co's unit By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 28 2024
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Source: Investing.com
Winding-up Petition Filed: Liquidators of China Evergrande have filed a winding-up petition against Tianji Holding, a guarantor for offshore senior notes, to protect the interests of creditors and stakeholders.
Debt Restructuring Proposal: In April 2023, Evergrande proposed an offshore debt restructuring plan allowing note holders to exchange existing debt for new notes with maturities ranging from four to eight years, with a court hearing scheduled for January 15, 2025.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
