Hong Kong court to hold hearings on China Evergrande restruc

Hong Kong court to hold hearings on China Evergrande restructuring plan in Sept

HONG KONG (Reuters) -A Hong Kong court on Monday said it will hold sanction hearings on Sept. 5-6 to decide whether to approve an offshore debt restructuring plan by embattled property developer China Evergrande Group. Evergrande, the poster child of property sector crisis in China, has $330 billion in liabilities making it the world's most indebted developer. A default in late 2021 led to a string of defaults in the sector and uncompleted homes across China.

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