China Evergrande seeks 4-month adjournment to winding-up trial

Embattled developer China Evergrande Group on Monday requested a four-month adjournment to its winding-up trial, a Hong Kong court heard on Monday.

Evergrande, which has more than $300 billion in liabilities, of which $22.7 billion is offshore debt, began one of China's biggest debt-restructuring processes early last year but has yet to reach agreements with bondholders on the details.