Evergrande stalling

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

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