The liquidation order could be difficult to implement as most of Evergrande’s assets are not in the three mainland Chinese cities covered under a cross-border scheme, according to S&P Global Ratings.
Justice Linda Chan appointed Eddie Middleton and Tiffany Wong Wing-sze, managing directors of the consulting firm Alvarez & Marsal, as provisional liquidators…
Justice Linda Chan appointed Eddie Middleton and Tiffany Wong Wing-sze, managing directors of the consulting firm Alvarez & Marsal, as provisional liquidators…
Genting Hong Kong has filed a winding-up petition in Bermuda after the bankruptcy of its shipyard in Germany triggered US$2.78 billion (S$3.75 billion) of debt and forced Asia’s largest operator of sea cruises to be liquidated. The owner of Dream Cruise Holding appointed Alvarez & Marsal’s Edward Simon Middleton and Tiffany Wong Wing-sze as provisional liquidators, according to a filing.
A Hong Kong court has been asked to name the administrators of late gaming tycoon Stanley Ho Hung Sun’s vast and complex multibillion-dollar estate after his surviving children and grandchildren failed to reach an agreement. Ho, who was counted as one of Asia’s richest men while he ran the continent’s largest casino empire for half a century, died without leaving.