China property giant Country Garden hit with liquidation petition
China's biggest private property developer Country Garden is facing a liquidation petition, which has been filed in Hong Kong by a creditor.
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China's biggest private property developer Country Garden is facing a liquidation petition, which has been filed in Hong Kong by a creditor.
The firm, which defaulted on its overseas debt in October, says it will "resolutely oppose" the petition.
Family members of Hui Ka-yan may be scrambling to move their money around to prevent it from being confiscated, a month after the property giant was ordered to wind up, according to analysts.
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Around 145 staff who immigrated from South America have been fired or made redundant from labour recruiter Buildhub , the first liquidators’ report said....