Embattled Chinese property juggernaut Evergrande has plunged into liquidation years after it racked up debt in the hundreds of billions of dollars.
A Hong Kong court ordered the company to go into liquidation on Monday afternoon AEDT.
It comes after Evergrande was spared from the same fate in December, with the judge granting the business a two-month extension to come up with a debt plan to pay back foreign investors.
But they were unable to present a convincing enough case and now in the laws eyes, the company has ceased to exist.
Its collapse has left the fate of 1200 projects at varying stages of completion in jeopardy.
In 2021, the property developer earned the unwelcome title of the worlds most indebted real estate firm after getting…
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