China Evergrande Group will seek a six-month delay in the redemption and coupon payments of a 4.5 billion yuan ($157 million) bond in a meeting with bond holders this weekend, underscoring the pressure on the debt-laden property developer. Francis Maguire reports.
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Evergrande Default
Chinese property giant Evergrande is facing the prospect of bankruptcy, reportedly unable to pay off its multi-billion dollar debts.