Debt-ridden China Evergrande rolls out restructuring plan
Troubled Chinese property giant Evergrande unveiled on Wednesday a long-awaited restructuring proposal for its massive debts, as it fights off a winding-up court petition brought by creditors in Hong Kong.. The next hearing in the Hong Kong winding-up case is scheduled for July 31, with Evergrande telling the court on Monday that it foresees October 1 as the last date by which its restructuring plan would take effect.