Evergrande Liquidation Hearing Postponed in Surprise to Lenders

(Bloomberg) — China Evergrande Group won breathing room to strike a restructuring agreement with creditors after a Hong Kong court again pushed back a decision on whether the world’s most-indebted property developer should be wound up.

The proceedings have been adjourned to Jan. 29, Judge Linda Chan said in the city’s High Court. The unexpected delay came as the original petitioner didn’t push for an immediate liquidation on Monday, the latest twist in a lawsuit that has dragged on for more than a year.