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China debt crunch

Evergrande eyes new advisers as creditor outcry grows louder

International investors slam Chinese developer's debt restructuring as 'opaque'

Evergrande, which missed bond coupon payments last month, faces a new wave of debt deadlines in the coming days.   © Reuters

HONG KONG -- Embattled property developer China Evergrande Group on Friday said it may take on more advisers to help steer it through a debt restructuring that a group of offshore-bond holders has slammed as "opaque" and exclusionary.

The debt-saddled company said its risk-management committee was considering adding investment banks China International Capital Corp. (CICC) and BOCI Asia as financial advisers as well as Beijing-based Zhong Lun Law Firm to handle legal advice.

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