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# Troubles for Evergrande: Hong Kong Court to Hear Debt Restructuring Plan

## The Situation with Evergrande

A highly anticipated court hearing is set to take place in Hong Kong on Monday regarding the restructuring plans of the embattled Chinese property developer, Evergrande. With debts exceeding $300 billion, the company is facing the threat of liquidation as it struggles to resolve its financial troubles.

Evergrande, which holds the title of being the world’s most indebted property developer, fell into dire straits when Chinese regulators imposed strict measures against excessive borrowing within the real estate sector. The company’s difficulties were further compounded when its chairman, Hui Ka Yan, came under investigation by Chinese authorities for suspected crimes, presenting another obstacle in its path to recovery.

The Hong Kong High Court has repeatedly postponed its hearing on the potential liquidation of Evergrande, with Judge Linda Chan stating that Monday’s hearing will mark the final opportunity before a decision is made. If the company’s restructuring plan is rejected by its creditors, it could potentially be forced into liquidation.

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