Jan 28 (Reuters) - Chinese property developer Evergrande 3333.HK 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. (Reporting by Nilutpal Timsina in Bengaluru)((Nilutpal.Timsina@thomsonreuters.com; +91 86382 04706))The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Source: Wall Street Journal January 29, 2024 01:23 UTC