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Evergrande faces imminent liquidation after talks with top creditors break down – WSJ

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© Reuters. An Evergrande sign is seen near residential buildings at an Evergrande residential complex in Beijing, China September 27, 2023. REUTERS/Florence Lo/File Photo

(Reuters) – Chinese property developer Evergrande faces imminent liquidation after its overseas creditors failed to reach an 11th-hour deal this weekend to restructure the sprawling real-estate company, the Wall Street Journal reported on Sunday, citing people familiar with the matter.

Talks between the company and its top creditors kicked off last week over a new plan that would have allowed the company to continue its operations, according to the report.

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