Hong Kong court orders China Evergrande to liquidate after plan for $300B debt fails | Kanis Leung & Zen Soo

HONG KONG—A Hong Kong court ordered China Evergrande, the world’s most heavily indebted real estate developer, to undergo liquidation following a failed effort to restructure $300 billion owed to banks and bondholders that fueled fears about China’s rising debt burden. China Evergrande Group is one of the biggest of a…

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