The liquidation of the China Real Estate Giant Evergrande Group's liquidation will be held next Monday (January 29), and the hearing has been repeatedly behind.
According to the website of Hong Kong judicial institutions, the Hong Kong High Court will hold a liquidation of the group on Monday at 9:30 am on Monday.Judge Chen Jingfen will hold a hearing on a potential regulatory order at 2:30 pm on Monday.It is understood that such regulatory orders mean that the court will regulate the liquidation procedure and may include the appointed liquidator.
Evergrande Group occurred at the end of 2021, and the debt restructuring plan of US $ 31.7 billion (NG of S $ 42.51 billion) began.In June 2022, the creditors had submitted to the Hong Kong Special Administrative Region Higher Court, and the hearing time was scheduled to be on August 31 of that year.However, after that, the liquidation was invited to hear seven extensions, and the last time was delayed until January 29 this year.
Evergrande's revised version of the debt reorganization plan was accused of no important details and was unilateral, worried that the creditors would sign this plan within five weeks, and Evergrande said that they would try their best to fight for creditors’s claimers’ssupport.
