...January 14, 2020 HONG KONG (S&P Global Ratings) Jan. 14, 2020--China Evergrande Group's extension of an A-share listing timeline removes the imminent pressure of lumpy repayments to strategic investors, S&P Global Ratings said today. However, as the deadline is only extended by a year, Evergrande will still need to resolve this along with related commitments that would become due if a listing of the investments does not materialize before January 2021. Evergrande faced repayment this month of Chinese renminbi (RMB) 70 billion to first- and second-round strategic investors in the proposed reorganization and planned listing of subsidiary Hengda Real Estate Group Co. Ltd. In our view, while the extension is positive to Evergrande's near-term liquidity, it also means that all three rounds of strategic investments, totaling RMB130 billion, will now have the same deadline of Jan. 31, 2021. We consider that to be material for Evergrande, despite its large scale as one of the largest developers...