Court orders liquidation of Chinese property giant Evergrande in landmark moment for industry
by Alisha Rahaman Sarkar
Jan 29, 2024
2 minutes
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A Hong Kong court has ordered indebted property developer China Evergrande Group to liquidate in a landmark ruling that could send ripples across the country's financial system.
Evergrande, once thought to be China’s largest real estate firm, defaulted on dollar-bond payments in 2021 after liquidity scares that began in 2020.
The company , including $20bn of offshore dollar-denominated bonds, and was unable to reach a restructuring
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