Evergrande shares drop as restructuring roadmap disappoints creditors

Evergrande shares drop as restructuring roadmap disappoints creditors

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

Shares of China Evergrande Group tumbled on Thursday, as investors in the debt-laden developer were sceptical of the company’s thinly detailed plan to have a preliminary restructuring proposal in place in six months.