China Evergrande said on Sunday that in view of an investigation into Hengda Real Estate Group, its flagship onshore unit, it was unable to meet qualifications for the issuance of new notes under its debt restructuring plan.
said on Sunday that in view of an investigation into Hengda Real Estate Group, its flagship onshore unit, it was unable to meet qualifications for the issuance of new notes under its debt restructuring plan.
As of end-July, Hengda Real Estate's unpaid debts due totalled about 277.5 billion yuan , and it had 1,931 pending litigation cases.
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