Earlier on Wednesday, Reuters reported that some of Evergrande's offshore creditors plan to join a winding-up court petition against the embattled developer if it fails to submit a new debt restructuring plan by the next month. Evergrande's offshore debt restructuring involves nearly $US32 billion of bonds, collateral, and repurchase obligations, making it one of the world's largest financial restructurings (a potential windfall for lawyers and accountants). The revelation of the chairman's detention will likely increase the pressure on offshore creditors to secure a liquidation judgment from a foreign court to safeguard their interests. Meanwhile, another distressed developer, China Oceanwide, is now facing a Bermuda court decision mandating the company's winding up. The court has appointed joint provisional liquidators after rejecting its restructuring proposals.