Evergrande investors face 75% hit as company edges closer to restructure

Analysts say massively indebted China property group likely to be dismantled to avoid triggering market-wide panic

The troubled Chinese property group Evergrande has edged closer to a government-engineered restructuring which could see bondholders take huge losses as Beijing’s price for saving millions of homeowners from financial ruin.

, Evergrande investors face 75% hit as company edges closer to restructure, The Nzuchi Times Guardian

With the likelihood increasing every day that the massively indebted group will be dismantled to avoid triggering a market-wide panic, trade in one of its bonds was suspended in Shanghai on Monday after it plunged 25%.

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