Disaster-hit Chinese property large Evergrande has been ordered to liquidate by a court docket in Hong Kong.
The agency has been the poster little one in every of China’s unswerving property disaster with bigger than $300bn (£236bn) of debt.
After the vexed developer frequently did not come up with a belief to restructure its cash owed, Contemplate Linda Chan stated “sufficient is sufficient”.
Evergrande’s govt director, Shawn Siu, described the resolution as “regrettable”, but stated the company would continue to operate in mainland China.
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