Shares of China Evergrande Group, the world's most indebted property developer with about $300 billion in liabilities, plunged around 21 percent on Monday's regular trading after a Hong Kong court ruled to liquidate the Chinese property major after it failed to provide a convincing restructuring plan.
EDDIE MIDDLETON AND TIFFANY WONG OF ALVAREZ & MARSAL APPOINTED AS LIQUIDATORS OF CHINA EVERGRANDE GROUP (IN LIQUIDATION) singaporestar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from singaporestar.com Daily Mail and Mail on Sunday newspapers.
A Hong Kong judge ordered the world’s most indebted property developer to liquidate, in a move that could have massive implications for China’s already struggling economy.
EDDIE MIDDLETON AND TIFFANY WONG OF ALVAREZ & MARSAL APPOINTED AS LIQUIDATORS OF CHINA EVERGRANDE GROUP (IN LIQUIDATION) philippinetimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from philippinetimes.com Daily Mail and Mail on Sunday newspapers.
Shares of China Evergrande Group, the world's most indebted property developer with about $300 billion in liabilities, plunged around 21 percent on Monday's regular trading after a Hong Kong court ruled to liquidate the Chinese property major after it failed to provide a convincing restructuring plan.