China Evergrande ordered to liquidate, owing $400b : vimarsana.com

China Evergrande ordered to liquidate, owing $400b

HONG KONG — A Hong Kong court on Monday (Jan 29) ordered the liquidation of property giant China Evergrande Group, a move likely to send ripples through China's crumbling financial markets as policymakers scramble to contain a deepening crisis. The decision to liquidate the world's most indebted developer with more than US$300 billion (S$400 billion) of total liabilities was made...

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