Pictured here on Sept. 7, 2023, are residential buildings under construction at the Tao Yuan Tian Jing project, developed by Evergrande in Yangzhou, China.
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Shares of embattled Chinese property Evergrande hit an all-time low of 18.8 Hong Kong cents (2.4 U.S. cents) after a Hong Kong judge delayed the court hearing to address a winding-up petition.
Evergrande’s shares plunged over 20% from last Friday’s close of 23.6 Hong Kong cents to the all-time low early Monday, before recovering slightly to 22.2 Hong Kong cents.
Reuters reported that Justice Linda Chan from Hong Kong’s High Court pushed back the hearing from Oct. 30 to Dec. 4, which would be the last…