China Aoyuan’s $6 Billion Debt Plan Jolted by Creditor Dissent

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The judge’s approval would enable Aoyuan to clear a major hurdle in appeasing creditors and quickly implement settlement terms

(Bloomberg) — China Aoyuan Group Ltd. is standing by for a pivotal Hong Kong court decision this week on its restructuring plan, a ruling that may speed up the end of its tussles with creditors over $6 billion of offshore debt.

After a two-day hearing involving a creditor’s objection to the offshore plan offered by the defaulted developer, Judge Jonathan Harris said he will deliver his decision on Thursday.