That plan comes after the company rattled markets on Sunday with its announcement that it could not issue new bonds as part of its debt restructuring plan because of a regulatory investigation into its main Chinese unit, Hengda Real Estate. Hengda, in a separate filing on Monday, said that it had failed to pay the principal and interest on a 4-billion yuan ($547m) bond due by a September 25 deadline. Shares in Evergrande were up 1.3% in afternoon trade in the Hong Kong market on Wednesday, while an index tracking Hong Kong-listed mainland developers was little changed from its previous close. Coupon payment The latest woes for Evergrande come as investors are also focused on another major Chinese developer, Country Garden, which is facing a new bond coupon repayment deadline on Wednesday. The $40m coupon, with a 30-day grace period, is tied to an 8% $1bn dollar bond that matures in January and is the latest payment challenge facing Country Garden, as the developer strives to avoid default.