Evergrande Faces Make-or-Break Moment in Winding-Up Hearing
- Hong Kong court to hear developer wind-up case on Monday
- Firm’s fate highly uncertain as it struggles with debt talks
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China Evergrande Group faces a make-or-break moment Monday at a court hearing, where the troubled developer must defend itself against creditor requests for liquidation.
The much-awaited case in Hong Kong’s High Court follows a years-long saga that has epitomized the rise and fall of China’s real estate industry. If a wind-up order is delivered, Evergrande, with about $327 billion of liabilities, could become the biggest-ever developer to face such a fate under Hong Kong law.