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Evergrande shares set to open down 3.8% amid uncertainty over debt revamp plan

Credit: REUTERS/ALY SONG

September 26, 2023 — 09:20 pm EDT

Written by Anne Marie Roantree for Reuters ->

HONG KONG, Sept 27 (Reuters) - Shares of China Evergrande were set to extend losses on Wednesday after sources told Reuters that some of its offshore creditors are planning to join a winding-up court petition filed against the embattled developer if it doesn't submit a new debt revamp plan by next month.

Evergrande's Hong Kong-listed shares 3333.HK were set to open down 3.8% at HK$0.38.

(Reporting By Anne Marie Roantree; Editing by Himani Sarkar)

((annemarie.roantree@thomsonreuters.com; +852 97387151; Reuters Messaging: annemarie.roantree.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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