© Reuters. An Evergrande sign is seen near residential buildings at an Evergrande residential complex in Beijing, China September 27, 2023. REUTERS/Florence Lo/File Photo
(Reuters) – Chinese property developer Evergrande faces imminent liquidation after its overseas creditors failed to reach an 11th-hour deal this weekend to restructure the sprawling real-estate company, the Wall Street Journal reported on Sunday, citing people familiar with the matter.
Talks between the company and its top creditors kicked off last week over a new plan that would have allowed the company to continue its operations, according to the report.