Evergrande Delays Debt Restructuring Votes Just Hours Before Start

(Bloomberg) — China Evergrande Group delayed key votes on its offshore-debt restructuring plan just hours before they were to occur Monday, adding to uncertainty in a protracted process to finalize one of the country’s biggest restructurings ever.

The distressed developer delayed the meetings for the group and some units to Sept. 25–26, it said in a filing. Evergrande sits at the epicenter of a property crisis that’s unleashed record delinquencies in a threat to China’s financial markets.