HONG KONG  -China Evergrande Group's latest trouble in firming up a long-pending debt restructuring plan led to a sell-off in its and peers' shares on Monday, as worries resurfaced about the crisis-hit property sector after a brief respite. Evergrande, the world's most indebted property developer, which has become the poster child of China's property crisis, has been working to get its creditors' approval for a debt restructuring plan after having defaulted in 2021. Under the plan unveiled in March this year, Evergrande proposed options to offshore creditors including swapping their current debt holdings into new notes with maturities of 10 to 12 years.

https://business.inquirer.net/422892/evergrandes-debt-revamp-woe-hits-china-property-investors-sentiment

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