Oct 20 Reuters China Evergrande Group said on Friday it was revising the terms of a proposed offshore debt restructuring deal to meet the firm39;s situation and creditors39; demand, without providing details.

Evergrande, which is at the centre of China39;s property sector debt crisis, said late last month that its billionaire founder was being investigated over unspecified crimes.

It has also said it was unable to issue new debt a crucial step in a restructuring due to an ongoing investigation of its main unit.

Bondholders of the embattled property developer said last week they were surprised by announcements that its restructuring plan failed to meet regulatory requirements, and raised concerns about a possible liquidation.

In the filing on Friday, the developer said the scheme sanction hearings for Hong Kong CEGclass debt holders and the TJ scheme have been vacated, while the hearing of the company39;s application to the U.S. bankruptcy court scheduled to be held on Oct. 25 will be adjourned.

Reporting by Upasana Singh in Bengaluru and Clare Jim in Hong Kong; Editing by Varun H K

Source Reuters