Evergrande Creditors Call Pulled Debt Plan ‘Complete Surprise’

(Bloomberg) — A group of China Evergrande Group offshore creditors said they were “left in the dark” after the developer scrapped a meeting for its multibillion-dollar restructuring plan. It was an example of investor frustration with governance issues at some Chinese companies.

The holders of more than $6 billion of the defaulted builder’s offshore public bonds implored the company to resolve issues with the country’s securities regulator and top economic planning agency, describing the development as a “complete surprise,” according to a press release Monday.