Evergrande: Crisis-hit Chinese property giant ordered to liquidate
The decision is likely to send ripples through China's financial markets.
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The decision is likely to send ripples through China's financial markets.
Judge Linda Chan said "enough is enough" after the troubled developer repeatedly failed to come up with a plan to restructure its debts.
Debt-laden Chinese property giant Evergrande has been ordered to liquidate by a court in Hong Kong.
A hearing for China Evergrande Group in a Hong Kong insolvency court later this month will lay bare the once-unthinkable possibility of liquidating the property developer’s assets. A wind-up order from Judge Linda Chan after the October 30 hearing would wreak havoc on the struggling company that’s trying to finalize a restructuring plan to