China Evergrande Group is struggling under some US$290 billion of liabilities, making it the world’s most indebted developer. Photo: Reuters
China Evergrande Group is struggling under some US$290 billion of liabilities, making it the world’s most indebted developer. Photo: Reuters

China Evergrande crisis: world’s most indebted developer misses overhaul proposal deadline amid creditor talks

  • China Evergrande Group once again fell short on its promise to announce its offshore debt-restructuring plans by the end of 2022
  • The world’s most indebted developer is facing a winding-up lawsuit in Hong Kong

China Evergrande Group is struggling under some US$290 billion of liabilities, making it the world’s most indebted developer. Photo: Reuters
China Evergrande Group is struggling under some US$290 billion of liabilities, making it the world’s most indebted developer. Photo: Reuters
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