A Hong Kong court on Monday ordered the liquidation of China Evergrande Group, the world’s most indebted property developer, in a ruling that could further dent foreign investor confidence in the world’s second-largest economy. Trading in shares of the company and two subsidiaries was suspended on Monday after Justice Linda Chan said “enough is enough,” … Read more
China Evergrande Group received a liquidation order from a Hong Kong court, setting off what’s likely to be a daunting process to carve up one of the biggest victims of a years-long and nationwide property debt crisis. A wind-up will end up in the company being managed by provisional liquidators and addressing issues, including control … Read more
HONG KONG — A Hong Kong court on Monday ordered property developer China Evergrande Group to liquidate after it was unable to reach a restructuring deal with creditors. Judge Linda Chan said it was appropriate for the court to order Evergrande to wind up its business given a “lack of progress on the part of … Read more