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## Offshore Creditors Seeking Controlling Equity Stake in Evergrande

Dec 1 (Reuters) – A group of offshore creditors to China Evergrande Group is asking for a controlling equity stake of the developer and two of its Hong Kong subsidiaries as part of company’s revised debt restructuring proposal, a source familiar with the matter said on Friday. The request comes after Evergrande made a new offer to repay their offshore debts, as reported by Bloomberg News.

The group, working as an ad hoc group of Evergrande’s offshore creditors, made the request following the developer’s new offer to swap some offshore debt into equity in the company and two Hong Kong-listed units, and repay the rest with non-tradeable “certificates” backed by offshore assets, as reported by Reuters. The company has until a Hong Kong court hearing on Monday to present a “concrete” revised debt restructuring proposal for offshore creditors.

The situation with China Evergrande Group and its offshore creditors highlights the complexity and legal jargon involved in corporate debt restructuring. This is where the AI legalese decoder can be extremely helpful. It can analyze and interpret complex legal language within documents and proposals, allowing for a clearer understanding of the terms and conditions being proposed. This can help both parties negotiate and come to a mutually beneficial agreement without the confusion and ambiguity often associated with legal discussions.

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