China Evergrande says winding-up lawsuit won't impact restructuring | The Edge Markets

– A + A HONG KONG (June 28): China Evergrande Group, the world’s most indebted property developer, on Tuesday said it will “vigorously” oppose a winding-up lawsuit filed against it, and that the petition will not impact its restructuring plan or timetable. Evergrande confirmed the filing by investment holding firm Top Shine Global Ltd in Hong Kong for not fulfilling a financial obligation of HK$862.5 million (US$109.91 million). The developer has over US$300 billion in liabilities and defaulted on its offshore debt last year. It expects to announce a preliminary restructuring plan by the end of July. In a stock…