HONG KONG -- Some of debt-laden developer China Evergrande Group's offshore-bond holders on Thursday protested what they called an "opaque" and exclusionary debt restructuring process led by the company's management and local government.
This "ad-hoc group" of bondholders, which describes its members as "large and reputable international investors with deep experience and high standing in the international capital markets," said in a press statement it had no option but to take "all necessary actions to vehemently defend its legal rights and protect its legitimate interests."
