Evergrande Faces Renewed Liquidation Risk in Wind-Up Hearing
- Uncertainty over status of petitioners before Monday session
- Wind-up of developer would exacerbate China’s housing crisis
This article is for subscribers only.
China Evergrande Group will once again try to fend off liquidation at court hearings in Hong Kong on Monday.
Eight weeks after the debt-laden property developer won a surprise reprieve in the long-running lawsuit, Evergrande has made little progress toward clinching a restructuring agreement with creditors.