(Feb 17): Distressed Chinese companies are facing a torrent of court hearings in Hong Kong this week, as the risk of liquidation rises for some beleaguered firms.
On Monday, Tianji Holding Ltd, a key unit of China Evergrande Group, is in court again to try to stave off a wind-up order. A judge already moved up its hearing date, shortening an earlier respite. Tianji’s hearing comes just over a month after a court ordered the liquidation of another Evergrande unit, in a win for liquidators seeking to recover assets from the world’s most indebted developer.
Also on Monday, an investment arm of HNA Group Co, the conglomerate once known for its purchases of overseas assets, has another liquidation hearing after getting a short delay to the…
