China's Kaisa Group liquidation petition adjourned by Hong Kong court
HONG KONG - A Hong Kong court on Monday adjourned a hearing into a petition seeking liquidation of Kaisa Group until Aug. 12, giving the embattled Chinese developer some respite as it works on its debt restructuring plan.
Citicorp International, the trustee of a major group of bondholders, has been acting as petitioner since March after a former petitioner withdrew.China Evergrande was ordered to liquidate by a Hong Kong court earlier this year and a growing list of companies in the sector, including Country Garden, are fighting against liquidation petitions filed by creditors.
Kwok travelled to Shenzhen for talks with a government committee and onshore regulators about two months ago and is still there, sources said.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hong Kong court adjourns liquidation hearing of China developer KaisaHong Kong court adjourns liquidation hearing of China developer Kaisa
Read more »
Boys track & field sectionals, 2024: Camden wins Group 2; Delsea repeats in Group 3Camden needed the last race of the day to win the Group 2 title against Willingboro while Delsea won its seventh straight sectional despite just one individual win.
Read more »
SPLC Targets Gay Group as ‘Hate Group’ for Opposing TransgenderismSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »
Sudan's notorious paramilitary group loots a Darfur hospital, aid group saysDoctors Without Borders says the notorious Rapid Support Forces paramilitary group, fighting Sudan’s military for over a year, fired shots and looted a health facility in the western region of Darfur, forcing its closure
Read more »
Sudan's notorious paramilitary group loots a Darfur hospital, aid group saysDoctors Without Borders says the notorious Rapid Support Forces paramilitary group, fighting Sudan’s military for over a year, fired shots and looted a health facility in the western region of Darfur, forcing its closure.
Read more »
Sudan's notorious paramilitary group loots a Darfur hospital, aid group saysDoctors Without Borders says the notorious Rapid Support Forces paramilitary group, fighting Sudan’s military for over a year, fired shots and looted a health facility in the western region of Darfur, forcing its closure
Read more »