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.
Once China's top developer, Evergrande has racked up debts of more than $300 billion and is struggling to repay creditors, suppliers and investors in wealth management products. It failed to make payment of some dollar . . .
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