Evergrande CEO said to be in Hong Kong for restructuring, asset sale talks

Evergrande CEO said to be in Hong Kong for restructuring, asset sale talks

FILE PHOTO: The China Evergrande Centre building sign is seen in Hong Kong, China. August 25, 2021. REUTERS/Tyrone Siu/File Photo

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.