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China Evergrande winding-up hearing adjourned to Dec. 4 by Hong Kong court

Por: ABC News Business October 30, 2023

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HONG KONG -- A Hong Kong court on Monday adjourned a winding up hearing for property developer Evergrande Group’s until Dec. 4. Evergrande has been in crisis since it defaulted on its debt obligations two years ago. The firm is the world’s most heavily indebted real estate developer, with more than $300 billion in liabilities, and is at the center of a property market crisis that is dragging on China’s economic growth.For over a year,... + full article



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