Hong Kong Court Puts Off Chinese Developer Evergrande’s Hearing on Its Debt Restructuring to January

id5540846 Evergrande GettyImages 1242153052 - The Japan Weeknd Magazine
HONG KONG—A Hong Kong court postponed until Jan. 29 a court hearing scheduled for Monday on troubled Chinese property developer Evergrande’s winding-up petition.
Evergrande is trying to win support from its creditors for a plan to restructure more than $300 billion in debt to stave off liquidation. The company’s lawyer told the court it was requesting an adjournment to “refine” its new debt restructuring plan.
The Hong Kong High Court has postponed the hearing over Evergrande’s potential liquidation several times. Judge Linda Chan had said in October that Monday’s hearing would be the last before a decision is handed down….

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