China Evergrande Hiring More Advisers for Debt Consultation

China Evergrande Group (3333.HK) said on Friday that it was hiring more financial and legal advisers to help it with demands from creditors. The statement came in after a key group of its international creditors threatened to take legal action if it did not show more urgency.

The company said in a stock market statement that it was proposing to engage China International Capital Corp Ltd and BOCI Asia Ltd as financial advisers, and Zhong Lun Law Firm LLP as legal adviser.