Evergrande investors 'left in the dark' as restructuring plans scrapped

Last month, the Chinese property developer said it would be unable to issue new debt due to a regulatory investigation, scuppering its planned restructuring path. Evergrande reveals £62bn losses in delayed results However, bondholders represented by investment bank Moelis and law firm Kirkland and Ellis argued that Evergrande's position its restructuring cannot be implemented for regulatory reasons "just does not add up". "It is difficult to believe that [the regulator] would actually stop a distressed company from restructuring," the group said. The news from Evergrande had...