China Evergrande Group: Evergrande, the world s most indebted developer with more than $300 billion of total liabilities, sent a struggling property sector into a tailspin when it defaulted on its debt in 2021.
China Evergrande Group, which is the world's most indebted developer, has been ordered by a Hong Kong court to liquidate over $300 billion in liabilities.
Evergrande s $300 Billion Liabilities: Chinese Court Orders Liquidation of World s Most Indebted Developer hngn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hngn.com Daily Mail and Mail on Sunday newspapers.
China Evergrande Group: The hearing into the petition was adjourned to Jan. 29, the court said in an unexpected move on Monday, after Evergrande s lawyers sought an adjournment, saying no creditors were "actively seeking" liquidation.