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Remembering Harley: Graveside memorial service honours homeless Hantsport man’s life | SaltWireHONG KONG - China Evergrande Group did not submit defence documents to a Hong Kong court before a deadline that comes ahead of a winding-up hearing against the company scheduled for next Monday, a person with knowledge of the matter said. The embattled Chinese property developer was directed by the Hong Kong High Court to submit new documents by mid-last week, the person said.
Evergrande and the Hong Kong High Court did not respond immediately to requests for comment. Failure to show the judge that a restructuring plan is progressing could increase the chances of a winding-up order, lawyers said. That plan was thrown off course when Evergrande last month confirmed that its billionaire founder Hui Ka Yan was under investigation for suspected criminal activities. The company did not get regulatory approval for issuing new dollar bonds, which is a crucial part of the restructuring plan, and has not held the creditor vote.
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