China Evergrande Group (3333.HK), the world's most indebted developer, is seeking a six-month delay in the redemption and coupon payments of a 4.5 billion yuan ($157 million) bond in a meeting with bond holders.

Smaller peer Shimao Group Holdings (0813.HK), which defaulted on a trust loan last week, has put on sale all of its real estate projects, including both residential and commercial properties, Caixin reported over the weekend.

The Shanghai-based property developer has struck a preliminary deal with a Chinese state-owned company to sell its Shimao International Plaza Shanghai, a commercial property on Shanghai's Nanjing Road, for more than 10 billion yuan, the report said.

Shimao unit Shanghai Shimao Construction said on Friday that it was in talks with China Credit Trust to resolve a $101 million defaulted loan payment.

It estimates Shimao to have around 23 to 25 billion yuan in corporate bonds, ABS and trust loans due for payment in 2022, noting it has only 16.1 billion yuan in cash.

The firm is also in talks with noteholders on a restructuring plan for its $1.3 billion of offshore bonds, it added.