Evergrande faces final chance to avoid liquidation

In dire straits: A map showing Evergrande development projects in China. The company is trying to salvage its multi-billion dollar debt overhaul since a slew of setbacks derailed the process in recent months. — AP

HONG KONG: Two years after its default marked a key moment in China’s property crisis, the world’s most indebted developer may be heading for another bleak milestone: liquidation.

China Evergrande Group faces a Hong Kong court hearing today over a creditor request to wind up the company, a lawsuit that’s lingered for about 18 months.