CHINESE property developer Evergrande said it has entered into a restructuring agreement with a group of international creditors, in what could be a breakthrough deal toward easing the developer’s massive debt.
Once China’s largest real estate company, Evergrande was found in 2021 to be drowning in more than US$300 billion (RM1.3 trillion) in liabilities, sparking a nationwide property crisis that had ramifications around the world.