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Property

China Evergrande reaches debt deal to relieve deadline pressure

Country's largest developer had pledged to secure domestic listing by January

China Evergrande Center in Hong Kong: Evergrande is China's biggest and most indebted real estate group.   © Reuters
NARAYANAN SOMASUNDARAM, Nikkei Asia chief banking and financial correspondent | China

HONG KONG -- China Evergrande Group, the nation's largest and most indebted property developer, late on Tuesday said that it had reached a deal with investors that will eliminate a looming January debt repayment deadline.

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