CNN BUSINESS | Evergrande’s plan to stave off collapse is running into trouble

Hong Kong (CNN) — 

Evergrande’s plan to restructure its massive debts is in trouble because of a regulatory probe into its main subsidiary, the embattled Chinese developer said Sunday.

The company said in a statement that it is “unable to meet the qualifications” for issuing new notes, which refer to short or medium-term securities, because Hengda Real Estate Group was being investigated.  –read more–