Evergrande to Hire Advisers on Debt Risks, Creditor Demands

(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.