China South City Creditors Seek State Firm Role in Debt Talks

Defaulted developer China South City Holdings Ltd. got a three-month reprieve from its liquidation case as creditors seek further revisions to the company’s restructuring plan and greater involvement in the process by its state-owned shareholder.

During a court hearing in Hong Kong on Monday, a key group of creditors pressed High Court Judge Linda Chan to grant a short break of three weeks, but she said that “usually not much can be achieved in weeks” and set Aug. 11 as the next hearing date. The judge also said creditors could ask for the hearing to be moved up if they ...