China Evergrande to hire more advisers to help deal with debt

SHANGHAI/HONG KONG: China Evergrande Group on Friday said it was hiring more financial and legal advisers after a group of international creditors said it would take "enforcement action" if the property developer did not do more to resolve a debt default.

Evergrande is the world's most-indebted property company with more than $300 billion in liabilities, including nearly $20 billion of international bonds all deemed to be in default after a run of missed payments late last year.