Core Points - Hongyang Real Estate has received approval from the Hong Kong High Court for a deferral application, supported by several priority noteholders, with the hearing for the winding-up petition postponed to March 23, 2026 [1] - The winding-up petition was originally filed by the London branch of the Bank of New York Mellon, concerning financial obligations of no less than $228.5 million, related to the company's $200 million 9.50% secured notes due in 2023 [1]