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

Hong Kong Court Puts Off Chinese Developer Evergrande’s Hearing on Its Debt Restructuring to January
A man walks past the China Evergrande Centre in Hong Kong on July 28, 2022. Isaac Lawrence/AFP via Getty Images
The Associated Press
Updated:
0:00

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.