12/4/2023, 4:58 AM (Source: TeleTrader)
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Court postpones Evergrande's hearing to Jan. 29

The China Evergrande Group's hearing on should the indebted property developer be liquidated was pushed back to the beginning of the next year, a Hong Kong court ruled on Monday.

Justice Linda Chan told the courtroom that the next hearing will be held on January 29, 2024. The Hong Kong High Court has delayed the hearing a couple of times already.

Earlier, it was reported that Evergrande and its main foreign creditors were in discussions to achieve an agreement that could save the property developer's offshore operations from liquidation.

Baha Breaking News (BBN) / AY