China Evergrande's offshore winding-up case adjourned yet again

Creditors say move is a surprise as Hong Kong court sets next hearing for Jan. 29

The Hong Kong High Court declared an adjournment in China Evergrande Group's winding-up petition hearing once again on Dec. 4. © Getty Images

KENJI KAWASE, ECHO WONG and PAK YIU, Nikkei staff writers

December 4, 2023 12:08 JST

Updated on December 4, 2023 13:22 JST

HONG KONG -- Creditors of heavily indebted property developer China Evergrande Group were surprised on Monday by a Hong Kong court's decision to once again postpone a winding-up case against the company.

Lawyers for Evergrande argued during the hearing that no creditors were "actively seeking" its liquidation. Hong Kong High Court Justice Linda Chan accepted that argument and set the next hearing for Jan 29.