Winding-up lawsuit against Evergrande in Hong Kong adjourned to March 20

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Evergrande expects to firm up its debt restructuring proposals by end-February or early-March, lawyers for the developer told the court.

An investor in Evergrande’s unit, online real estate and automobile marketplace Fangchebao (FCB), filed the winding-up petition in Hong Kong in June because the developer had not honoured a pact to repurchase shares the investor bought in FCB.