Evergrande says it is on track to restructuring after shares suspended and billions seized by banks - ABC News

It is a chaotic week for the world's most indebted property developer, with about $2.8 billion seized by banks and shares suspended from trading.

Embattled Chinese developer Evergrande has assured investors it will unveil a debt restructuring proposal for its creditors by the end of July, after concerns about its financial health were renewed … [+5186 chars]

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