Monday, 29 January 2024 A Hong Kong court has ordered the liquidation of China Evergrande, the real estate firm with more than $300bn (£236.1bn) of debts, amid deepening fears for the territory's wider corporate health.
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...
Since Beijing imposed a sweeping national security law in Hong Kong, over 10,000 people have been arrested for protesting. Following their release, many opposition figures have difficulty finding work.
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Monday, 29 January 2024
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