and shape investor sentiment on the country’s embattled property sector.
Court and arbitration cases involving 363.5 billion yuan of debt are ongoing in mainland China, Evergrande said. On a standalone basis, these will not materially affect the offshore restructuring, it added. Evergrande on Monday, March 20, said that a key bondholder group had agreed to its proposed terms. It also said the company expects its overdue financial reports for 2021 and 2022 to be released in April and May.
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