Chinese Developer Evergrande’s Liquidation Hearing Adjourned to January

id5540251 Evergrande logo - The Japan Weeknd Magazine
A court hearing on a liquidation petition filed against China Evergrande Group has been postponed to Jan. 29, giving the embattled property developer more time to finalize its debt restructuring plan.
Evergrande was granted an adjournment by a Hong Kong court on Dec. 4 after its lawyers indicated that no creditors were “actively seeking” the liquidation of the developer, The Standard reported.
This came as a surprise given that Hong Kong High Court Justice Linda Chan had said on Oct. 29 that the hearing would be the last before a decision was made on whether to liquidate Evergrande in the absence of a “concrete” restructuring plan….

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