Chinese Developer Evergrande’s Liquidation Hearing Adjourned to January

The embattled company will now have more time to finalize its debt restructuring plan.
Chinese Developer Evergrande’s Liquidation Hearing Adjourned to January
The Evergrande Group headquarters in Shenzhen in southern China's Guangdong province on Sept. 24, 2021. Ng Han Guan/AP Photo
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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.
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