Evergrande liquidation case moved to Jan

By Agence France-Presse

Dec 05, 2023 12:20 am

HONG KONG: Heavily indebted Chinese property giant Evergrande has until late January to put together a restructuring plan, a Hong Kong court ruled Monday, extending a deadline that could lead to its liquidation.

Once China's biggest real estate developer, Evergrande has reported more than $300 billion in liabilities, and its troubles have become a symbol of the nation's yearslong property crisis.

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