Embattled Chinese property juggernaut Evergrande has once again wriggled its way out of shutting down completely two years after becoming the most indebted company in the world.
On Monday local time, many thought the property developer was facing its final reckoning at a Hong Kong bankruptcy court where it was widely expected the business would be ordered to go into liquidation after an 18-month long legal battle.
But in a surprise move, the judge, Linda Chan, granted the business a two-month extension to come up with a debt plan to pay back foreign investors owed billions of dollars.
Evergrande is now due in court again on January 29.
In 2021, the property developer earned the unwelcome title of the worlds most indebted real estate firm…
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