Embattled China Evergrande aims to unveil restructuring plan by end of July, has $22.7 billion offshore debts

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Embattled property developer China Evergrande Group is working on a restructuring plan and aims to roll it out by the end of July, executive director Shawn Siu said during a conference call with global investors on Tuesday evening.

The company currently has $22.7 billion in direct offshore debts, including $14.2 billion of offshore bonds issued by the group, $5.2 billion offshore bonds issued by Tianji Holding Ltd's subsidiary Jingcheng and $3 . . .

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