Evergrande are stalling for time as the government asset strips the company:
China Evergrande Group said on Wednesday it aims to have a preliminary restructuring proposal in place within six months as the debt-laden developer scrambles to reassure creditors spooked by defaults since its finances began to unravel last year.
https://www.reuters.com/business/china-evergrande-hold-inves…
In six months time there will be nothing of value in the company