Hong Kong court adjourns Chinese developer Shimao's liquidation petition

Hong Kong court adjourns Chinese developer Shimao's liquidation petition

FILE PHOTO: The logo of property developer Shimao Group is seen on the facade of Shimao International Plaza in Shanghai, China January 13, 2022. REUTERS/Aly Song/File Photo

Embattled Chinese property developer Shimao Group said on Thursday a Hong Kong court had adjourned a winding up petition against the company to Dec. 16, allowing Shimao more time to work with creditors on a revised restructuring proposal.