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Chinese developer Evergrande risking liquidation if creditors veto its plan for handling $300B in debts

Por: New York Post Business December 04, 2023

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A Hong Kong court will convene a hearing Monday on troubled Chinese property developer Evergrande’s plans for restructuring its more than $300 billion in debts and staving off liquidation. The company, the world’s most indebted property developer, ran into trouble when in the real estate sector. Last month, the company said Chinese police were investigating Evergrande’s chairman, Hui Ka Yan, for unspecified suspected crimes in the latest... + full article



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