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- A court in Hong Kong has ordered the liquidation of debt-laden Chinese property giant Evergrande. Judge Linda Chan said "enough is enough", after the troubled developer repeatedly failed to come up with a plan to restructure its debts. The firm has been the poster child of China's real estate crisis with more than $300bn (£236bn) of debt.
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A court in Hong Kong has ordered China Evergrande, the world's most deeply indebted company with more than $300 billion in liabilities, to be liquidated.
- ekurtenbach@ap.org
- Asia Business Editor
Jan 29, 2024 · HONG KONG, Jan 29 (Reuters) - A Hong Kong court on Monday ordered China Evergrande (3333.HK), the world's most indebted developer, to be liquidated. The move could send shockwaves through...
Jan 31, 2024 · Hong Kong CNN — The liquidation of Evergrande as ordered by a court this week has raised more questions than answers about how the collapse of the poster child of China’s real estate crisis...
- 3 min
Jan 29, 2024 · A Hong Kong court has ordered China Evergrande, the world’s most heavily indebted real estate developer, to be liquidated following a failed effort to restructure $300 billion owed to banks and bondholders that fueled fears about China’s rising debt burden.
Jan 30, 2024 · A Hong Kong court has ordered the liquidation of the Evergrande Group, China's giant and massively indebted real estate developer, after the company was unable to restructure the $300...
Jan 28, 2024 · HONG KONG, Jan 29 (Reuters) - A Hong Kong court on Monday ordered the liquidation of property giant China Evergrande Group (3333.HK), dealing a fresh blow to confidence in the country's fragile...
