{"id":7173,"date":"2023-10-30T16:55:13","date_gmt":"2023-10-30T16:55:13","guid":{"rendered":"https:\/\/inbudgetalerts.com\/investment\/china-evergrande-court-has-adjourned-winding-up-hearing-to-dec-4\/"},"modified":"2023-10-30T16:55:15","modified_gmt":"2023-10-30T16:55:15","slug":"china-evergrande-court-has-adjourned-winding-up-hearing-to-dec-4","status":"publish","type":"post","link":"https:\/\/inbudgetalerts.com\/?p=7173","title":{"rendered":"China Evergrande: Court Has Adjourned Winding-Up Hearing to Dec. 4"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"MW-BT-CO-20231030-700060\" role=\"document\">\n<p>By Jiahui Huang<\/p>\n<pre><\/pre>\n<p>China Evergrande has been given another chance to restructure its billions of dollars in debt as a court adjourned a hearing to wind up the company.<\/p>\n<p>The heavily indebted Chinese property developer said that a Hong Kong High Court had moved the hearing, scheduled on Monday, to Dec. 4.<\/p>\n<div class=\"paywall\">\n<p>The decision gives Evergrande, one of China&#8217;s largest developers, another shot at working out a restructuring plan to ensure its survival. Evergrande, which has more than $300 billion of liabilities, said on Oct. 20 that it was still working with creditors to revise the terms of a proposed debt restructuring.<\/p>\n<p>Hong Kong-listed shares of the developer were up 5.1% at 25 Hong Kong cents (3.2 U.S. cents) at the mid-day trading break, after having dropped as much as 23% earlier.<\/p>\n<pre><\/pre>\n<p>Write to Jiahui Huang at jiahui.huang@wsj.com<\/p>\n<pre><\/pre>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/china-evergrande-court-has-adjourned-winding-up-hearing-to-dec-4-5907360b?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Jiahui Huang China Evergrande has been given another chance to restructure its billions of dollars in debt as a court adjourned&#8230;<\/p>\n","protected":false},"author":1,"featured_media":1200,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[],"class_list":{"0":"post-7173","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investment"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>China Evergrande: Court Has Adjourned Winding-Up Hearing to Dec. 4 | InBudgetAlerts<\/title>\n<meta name=\"description\" content=\"By Jiahui Huang China Evergrande has been given another chance to restructure its billions of dollars in debt as a court adjourned a hearing to wind up\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/inbudgetalerts.com\/?p=7173\" \/>\n<meta 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