HONG KONG: An ad hoc offshore shareholder group of China Evergrande said on Thursday it has seen no substantive engagement from the firm with offshore creditors to formulate a viable restructuring plan, despite the firm's repeated assurances.

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The group, represented by law firm Kirkland & Ellis and investment bank Moelis & Company, said in a statement it has no option but to seriously consider enforcement actions and it is prepared to take all necessary actions to defend its legal rights.