Evergrande Scraps Creditor Meetings

Ever Graham planned meetings with key creditors to discuss a major debt restructuring. However, the meetings were canceled due to weaker-than-expected home sales and the need to reassess creditor demands. Class C creditors, a major stakeholder group, have been unsupportive of the restructuring plans, posing a significant hurdle. The company needs 75% support from these creditors but currently has only 30%. Future meeting schedules remain unclear, and the company will update investors when more information is available.

What was the primary reason for Ever Graham to reconsider their restructuring plan?

• Weaker than expected home sales

• Support from all creditors

• New government regulations

• Increased home sales

What percentage of support does Ever Graham need from Class C creditors for their restructuring plan?

• 50%

• 60%

• 90%

• 75%

As of the last update, what percentage of support did Ever Graham have from Class C creditors?

• 30%

• 10%

• 70%

• 50%

Why were the meetings with creditors, including Class C, postponed?

• To allow creditors more time to evaluate the plan

• Due to a natural disaster

• To align with new market regulations

• Because of a change in leadership

What is a significant risk if Ever Graham fails to secure support from Class C creditors?

• Reduction in company workforce

• Increased stock prices

• Jeopardizing the entire restructuring process

• Expansion into new markets