This article only represents the author's own views.
Just when it looked on the verge of collapse, China Evergrande Group’s (3333.HK) crumbling house has found a friend in the Hong Kong court system. That suggests the embattled real estate developer’s thousands of creditors might be easing their pressure on the company after months of relentless jockeying in their effort to get some of their money back.
The Evergrande case took an unexpected twist last Monday, when the Hong Kong High Court that was threatening to order the company’s liquidation suddenly delayed such a potential move and gave it until Jan. 29 to reach a deal with its foreign creditors.
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