Evergrande Scraps Creditor Meetings, Revisits Restructuring Plan

China Evergrande Group canceled key creditor meetings that had been set for early next week and said it must reassess its proposed restructuring, adding further uncertainty to what would be one of the nation’s biggest ever restructurings.

The distressed developer cited sales that have “not been as expected,” in scrapping the so-called scheme meetings that had been planned for Sept. 25-26, in an exchange filing Friday night.

“Based on the company’s current situation and consultations with its advisors and creditors, the company considers it necessary to re-assess the terms of the proposed restructuring to meet the company’s objective situation and ...