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. Judge Linda Chan said Monday it was appropriate for the court to order Evergrande to wind…
China Evergrande is one of the biggest Chinese developers that have collapsed under pressure to rein in surging debt the ruling Communist Party views as a threat to China's slowing economic growth.
A Hong Kong court has 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
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