KWG Group (HKG:1813) said a Hong Kong court has adjourned the hearing on a winding-up petition against the company to Dec. 8, according to a Wednesday filing to the Hong Kong bourse.
Shares of the property developer were up nearly 1% in morning trade on Thursday.
The petition, filed by Shandong Sunlight Xin Tiandi Micro-finance, concerns repayment of 642 million yuan in debt and 136.2 million yuan in interest.
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