China's Evergrande Liquidation Case Adjourned Until January: HK Court

A Hong Kong court ruled that Evergrande will have until late January to put together a restructuring plan to avoid liquidation (Credit: AFP)

Heavily indebted Chinese property giant Evergrande has until late January to put together a restructuring plan, a Hong Kong court ruled Monday, extending a deadline that could lead to its liquidation.

Once China's biggest real estate developer, Evergrande has reported more than $300 billion in liabilities and its troubles have become a symbol of the nation's years-long property crisis.