Some creditors of Chinese real estate giant Biguiyuan file for company liquidation. The focus will now be on whether debt restructuring will proceed.
The first hearing is scheduled to be held on May 17th, with the company stating, ``We strongly oppose the allegations and will take all necessary measures.'' "We will continue to strive for this," the company said in a statement on May 28th. In January the Hong Kong High Court ordered the major Evergrande Group to liquidate the company, citing a lack of progress in debt restructuring.