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China's Evergrande: what happens next after liquidation order? – ENG.MIZZIMA.COM mizzima.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mizzima.com Daily Mail and Mail on Sunday newspapers.
A Hong Kong court on Monday issued a winding-up order for Chinese real estate giant Evergrande, as the embattled firm teeters on the brink of bankruptcy.Evergrande was once China's biggest real estate firm, a giant in a sector that ballooned as property became the foundation of a burgeoning middle class's growing wealth. ....
Oil rises on fresh Middle East fears, equities advance - Region - World ahram.org.eg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ahram.org.eg Daily Mail and Mail on Sunday newspapers.
A Hong Kong court issued a winding-up order for China Evergrande, the beleaguered real estate giant, as the company faces bankruptcy. The decision comes as Evergrande grapples with massive debts, emblematic of a prolonged crisis in China s property market. Evergrande, once China s largest real estate firm, failed to repay interest on its loans, formally defaulting in December 2021. ....