Evergrande Group's chief executive is holding talks in Hong Kong with investment banks and creditors over a possible restructuring and asset sales, two people said, as the Chinese developer battles against default on more than $300 billion in debts.
China Evergrande Group CEO Xia Haijun attends a news conference on the company's interim results in Hong Kong, China August 30, 2016. REUTERS/Bobby YipOffshore investors still in dark about repayment plansChinese central bank officials says issue controllablechief executive is holding talks in Hong Kong with investment banks and creditors over a possible restructuring and asset sales, two people said, as the Chinese developer battles against default on more than $300 billion in debts.
A third source said Xia was talking to banks and creditors in Hong Kong, but did not say what was being discussed.
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