China Evergrande ordered to liquidate by Hong Kong court
Monday, 29 January 2024 China Evergrande Group, the world's most-indebted property developer, was ordered to be liquidated by a Hong Kong court. The wind-up could result in management being replaced and address some of the company's issues. With 2.39 trillion yuan ($333 billion) of liabilities, Evergrande is a prominent symbol of China's real estate crisis.
China’s Evergrande , Is Ordered to Liquidate.
Hong Kong's High Court made the
liquidation order on Jan. 29, CNN reports. .
It seems to me that the interests
of the creditors will be better protected
if the company is wound up by the court,
so that independent liquidators can
take control...
A key offshore bondholder group of China Evergrande plans to join a petition to liquidate the developer at a hearing in a Hong Kong court. The bondholder group... IndiaTimes
Monday, 29 January 2024
