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China Evergrande Ordered to Liquidate, Owing $300 Billion

China property giant Evergrande ordered to liquidate, owing over $402 billion

The move could send ripples through China’s crumbling financial markets. Read more at straitstimes.com.

Crisis-hit Chinese property giant ordered to liquidate

Debt-laden Chinese property giant Evergrande has been ordered to liquidate by a court in Hong Kong.

China Evergrande ordered to liquidate, owing $400b

HONG KONG A Hong Kong court on Monday (Jan 29) ordered the liquidation of property giant China Evergrande Group, a move likely to send ripples through China's crumbling financial markets as policymakers scramble to contain a deepening crisis. The decision to liquidate the world's most indebted developer with more than US$300 billion (S$400 billion) of total liabilities was made.

Court orders China Evergrande liquidation. It owns $300bn

Verdict in Hong Kong comes as Beijing is grappling with an underperforming economy