Getty Images By Mariko Oi Business reporter Debt-laden Chinese property giant Evergrande has been ordered to liquidate by a court in Hong Kong. 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…
A Hong Kong court on Monday issued the liquidation of battered Chinese property giant Evergrande after lawyers failed to convince a judge it had a working restructuring plan. Issued on: 29/01/2024 – 04:53 2 min Advertising Read more Once China‘s biggest developer, Evergrande has reported more than $300 billion in liabilities and its troubles have…
Embattled Chinese development company, Evergrande, has been ordered to liquidate by a Hong Kong court after an 18-month long hearing. Evergrande, which holds the ignominious title of the worlds most indebted property developer with about $300bn in liabilities, failed to convince the court that it had a viable restructuring plan, after having been given seven…