China Evergrande: Hong Kong court adjourns winding-up hearing to December 4, signals last reprieve for developer to sort out its debt
A Hong Kong court has adjourned a winding-up hearing against China Evergrande Group, the most indebted property developer in China with US$327 billion of total liabilities, signalling a final reprieve for dragging out its restructuring over the past two years. The next hearing will be on December 4, giving the Guangzhou-based developer five weeks to get its house in order, Justice Linda Chan said in a decision today. The High Court judge also warned it is "highly likely" to grant a winding-up or