Published: October 31st, 2023,
Last updated: October 31st, 2023
Nearly two years after its first default, a Hong Kong court will decide the future of the world’s most indebted property developer, Evergrande. The group’s winding-up hearing in Hong Kong was adjourned until Dec. 4, a High Court judge said on Monday. Evergrande must submit a concrete revised restructuring proposal by then. Otherwise, it is likely the company will be liquidated.