Evergrande's Last-Minute Delay Drags on Debt Restructuring

Evergrande has delayed a key vote on its restructuring plan for the second time, giving creditors more time to decide on the recovery value. The resumption of its stock trading in Hong Kong saw a significant drop in value. The new voting date is set for late September, with a wind-up hearing in October. Time is critical for Evergrande to secure creditor approval to avoid winding up, which would reduce recovery value for creditors.

How has the stock trading of Evergrande in Hong Kong affected its creditors?

What implications does the wind-up risk have for Evergrande's creditors?