The liquidation of the China Real Estate Giant Evergrande Group asked the hearing again until December 4.Earlier, the Hong Kong Court has repeatedly posted an invitation to Evergrande's liquidation, but the long reorganization road of Evergrande has not clearly changed.
Bloomberg reported the above news on Monday (October 30) in the morning.Evergrande, which was about US $ 327 billion (S $ 447.6 billion), was scheduled to face a liquidation in the Hong Kong High Court on Monday.
It is reported that creditors pay close attention to Evergrande's liquidation of this request. Regardless of whether Evergrande is finally in debt reorganization or declares bankruptcy liquidation, it will provide roadmaps for other real estate companies.
Evergrande has recently said that it is modifying the proposed debt restructuring clauses. The hearing related to the restructuring agreement has been canceled or postponed.The market is turbulent, all of which are consuming the patience of investors.
Bloomberg quoted people familiar with the matter and revealed that Evergrande recently negotiated with some creditors who opposed the reorganization plan. The details of the talks are unknown.Evergrande said in April that the creditors of two groups did not give enough support to the overseas debt restructuring plan, of which Class C creditors were a large group.
