Page 29 - Liquidation News Today

HONG KONG: Heavily indebted Chinese property giant Evergrande has until late January to put together a restructuring plan, a Hong Kong court ruled Monday, extending a deadline that could lead to its liquidation.

China Evergrande’s shares rose after a court granted the Chinese property developer more time to work out a plan to restructure billions of dollars in debt.

By Robb M. Stewart Procter & Gamble flagged up to $2.5 billion in restructuring charges for its international operations and an impairment hit for assets...

Phillips New York could auction off hundreds of works from art advisor Lisa Schiff’s collection if a state court approves the deal.

HONG KONG (Reuters) -China Evergrande Group on Monday said it has been granted an adjournment of a court hearing into a liquidation petition to Jan. 29, giving the embattled property developer time to finalise a revamped debt restructuring proposal. The decision came as the world's most indebted developer with more than $300 billion in liabilities sought adjournment unexpectedly unopposed by the petitioner's lawyer. On Oct. 29, at the previous adjournment, Hong Kong High Court Justic...

Heavily indebted Chinese property giant Evergrande has until late January to put together a restructuring plan, a Hong Kong court ruled Monday, extending a deadline that could lead to its liquidation.Judge Linda Chan on Monday adjourned the case until January 29, a reprieve after earlier saying December 4 would be Evergrande's deadline before appointing independent liquidators from accounting firm KPMG. Chan urged Evergrande on Monday to have "more direct discussion with relevant autho...

India Business News: The GoAir revival saga could come to an end this week with the Committee of Creditors (CoC) going to decide whether to opt for liquidation or for a second round of inviting expression of interest (EOI).

HONG KONG: China Evergrande Group on Monday said it has been granted an adjournment of a court hearing into a liquidation petition to Jan. 29, giving the embattled property developer time to finalise a revamped debt restructuring proposal.

The company was given until late January 2024 to reach a debt restructuring deal

“If Evergrande fails to deliver an improved restructuring plan that meets the demands of the ad hoc group of creditors, the Hong Kong court is very likely to grant a winding-up order against the company,” said Lance Jiang, a partner at law firm Ashurst LLP.