(ANSA) - BEIJING, DECEMBER 06 - Evergrande sinks on the Hong Kong stock exchange, dropping 13.78% at the lows of the last 11 years.
The second Chinese real estate developer, with more than $ 300 billion in debt, announced on Friday that it wanted to "work actively" with offshore creditors on a restructuring plan, adding that there was no guarantee of sufficient funds to meet its obligations.
The move resulted in the convocation of President Hui Ka Yan from the Guangdong government which had agreed, at the company's request, to send a working group to oversee risk management.
(HANDLE).