China Aoyuan’s $6 Billion Debt Plan Jolted by Creditor Dissent
- Hong Kong court to decide on Aoyuan’s debt plan on Thursday
- A creditor raised opposition, citing fairness, recovery math
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China Aoyuan Group Ltd. is standing by for a pivotal Hong Kong court decision this week on its restructuring plan, a ruling that may accelerate the end of its tussles with creditors over $6 billion of offshore debt.
After a two-day trial over a creditor’s objection to the offshore plan offered by the defaulted developer ended earlier this week, Judge Jonathan Harris said he will deliver his decision on Thursday.