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Property

China Evergrande offers sweetener for offshore debt restructuring

Property developer's $22.7bn in offshore debt is deemed to be in default

Evergrande unveiled a long-awaited update on its preliminary offshore restructuring proposal.    © Reuters
| China

HONG KONG (Reuters) -- China Evergrande Group said on Friday it will arrange asset packages that may include equity in its two offshore listed units as a sweetener for restructured offshore debt.

The two listed units are Evergrande Property Services Group and electric-vehicle maker China Evergrande New Energy Vehicle Group.

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