China Evergrande's offshore debt, assets may be separated in restructuring

China Evergrande's offshore debt, assets may be separated in restructuring

FILE PHOTO: An exterior view of China Evergrande Centre in Hong Kong, China March 26, 2018. REUTERS/Bobby Yip/File Photo/File Photo

The provincial government leading China Evergrande Group’s restructuring wants to separate the company’s offshore assets and sell them to pay off foreign debt, a media report said on Friday, in a boost to foreign lenders’ hopes of recouping funds.