Caixin
Nov 02, 2022 03:41 PM
BUSINESS

Evergrande, Sunac Top List of Chinese Builders Due in Hong Kong Court

Workers ride a tricycle as they leave the China Evergrande Group Royal Peak residential development in Beijing on July 29. Photo: Bloomberg
Workers ride a tricycle as they leave the China Evergrande Group Royal Peak residential development in Beijing on July 29. Photo: Bloomberg

(Bloomberg) — Some of China’s most-indebted developers face winding-up case court hearings in Hong Kong this month, as the nation’s property-debt crisis increasingly pushes creditors to seek what little recovery they can get.

Heavyweights China Evergrande Group and Sunac China Holdings Ltd. are on the docket in November. Global money managers will be closely watching after both firms defaulted on dollar bonds in the past year.

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