Caixin
Jan 21, 2022 04:36 PM
BUSINESS

Evergrande to Hire Advisers on Debt Risks, Creditor Demands

Workers walk near unfinished apartment buildings at the construction site of a China Evergrande Group development in Wuhan on Dec. 22, 2021. Photo: Bloomberg
Workers walk near unfinished apartment buildings at the construction site of a China Evergrande Group development in Wuhan on Dec. 22, 2021. Photo: Bloomberg

(Bloomberg) — China Evergrande Group’s risk management committee plans to hire additional financial and legal advisers to help the embattled developer deal with its debt stress and respond to creditors’ demands.

The panel proposes to engage China International Capital Corp. and BOCI Asia Ltd. as financial advisers, and Zhong Lun Law Firm LLP as a legal adviser, the company said Friday in a statement to the Hong Kong stock exchange.

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