China Evergrande Monday (October 30) will face liquidation in the Hong Kong High Court. Once the order is given, Evergrande will become the largest real estate developer who has encountered liquidation in Hong Kong law.Seriously crack down on the mainland real estate market.

According to Bloomberg, a group of creditors who opposed the liquidation earlier began to shake. Although there is no final decision so far, it has undoubtedly brought more risks to Evergrande.

The report quoted people familiar with the matter that the transition of the attitude of the creditor stems from when Evergrande canceled the creditors' meeting at the last moment,The group was "in the drum."

According to Evergrande's latest offshore debt reorganization plan, creditors should be voted at the end of September.

Bloomberg News also quoted anonymous insiders on Friday (27th) that Evergrande representatives introduced some investors to discuss with some "C" creditors, but the details of the talks are unknown.Class C creditors with a debt of 15 billion US dollars are one of the main obstacles of the Evergrande Reading Plan.

Reuters on Wednesday (25th) also quoted people familiar with the matter that Evergrande Group did not submit new defense documents to the Hong Kong court at the request.The report quotes lawyers' analysis, which may increase the probability of the court's order.

In June last year, the creditors submitted to the Hong Kong Special Administrative Region High Court to sign a liquidation of Evergrande. The hearing time was scheduled to be on August 31 of that year.However, after that, the hearing has been postponed four times, and finally postponed to October 30 this year.

Bloomberg also quoted Deje Law Firm (Dechert) to engage in Asian restructuring partners, saying that Evergrande and their consultants may encounter "real difficulties" in hearing.The partner explained that the reason why Evergrande had successfully obtained the extension was that it was undergoing the process of reorganizing the plan and received the support of the special group, but now these two situations seem to have problems.

It is reported that if the order is issued, the court will appoint the liquidation person to obtain control from the company's directors and management, and seek benefits for creditors from existing assets.

Once the order is successful, Evergrande, with a debt of about 327 billion US dollars, will become the largest developer in the history of Hong Kong law.And uncertainty.