Embattled Evergrande warns of growing default risks as pressures mount

Evergrande hires restructuring advisers as Chinese property fears mount

Shares in rival firms slide after troubled construction giant it apoints US firm that advised on bankruptcies of Enron and Lehman Brothers

China hires advisers ahead of Evergrande restructuring

The move signals that officials are laying the groundwork for what could be one of China’s biggest debt restructurings.

Embattled Evergrande warns of growing default risks as pressures mount

Cash-strapped property group China Evergrande Group (3333.HK) said on Tuesday it has engaged advisers to examine its financial options and warned of default risks amid plunging property sales, sending its stock and bond prices sharply lower.