Evergrande to Hire Advisers, Starts Identifying Bondholders

Holder identification is typically a key step in restructuring
Advisers will help developer deal with debt stress, creditors

WATCH: China Evergrande Group says it will engage advisers to help with its debt issues. Bloomberg’s Rebecca Choong Wilkins reports.Source: Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Rebecca Choong Wilkins and Alice Huang

January 21, 2022 at 12:09 AM UTC

Updated on

January 21, 2022 at 4:49 AM UTC

This article is for subscribers only.

China Evergrande Group’s restructuring process took another step forward after it started a process to identify bondholders and said its risk management committee plans to hire additional financial and legal advisers.

The committee proposes to engage China International Capital Corp. and BOCI Asia Ltd. as financial advisers, and Zhong Lun Law Firm LLP as a legal adviser to help the developer deal with its debt stress and respond to creditors’ demands, Evergrande said Friday.