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Real estate crisis

Evergrande gets reprieve until end of January

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Published: December 5th, 2023,
Last updated: May 28th, 2025

The heavily indebted real estate developer Evergrande has once again secured a delay in its liquidation proceedings. The relevant court in Hong Kong postponed the hearing to Jan. 29, 2024, the company announced on Monday. Following this announcement, Evergrande’s stock rose by up to 22 percent to HKD 0.29 in Hong Kong.

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