Hong Kong court orders liquidation of developer China Evergrande
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HONG KONG, Jan 29 (Reuters) pvafast.com - Buy Google Play Developer Account A Hong Kong court on Monday ordered the liquidation of China Evergrande Group , a move likely to send ripples through China's financial markets as policymakers scramble to contain a deepening crisis.
Evergrande, the world's most indebted property developer with more than $300 billion of liabilities, defaulted on its offshore debt in late 2021 and has become emblematic of a debt crisis that has engulfed China's property sector.
(Reporting by Clare Jim and Xie Yu; Editing by Anne Marie Roantree and Tom Hogue)
Evergrande, the world's most indebted property developer with more than $300 billion of liabilities, defaulted on its offshore debt in late 2021 and has become emblematic of a debt crisis that has engulfed China's property sector.
(Reporting by Clare Jim and Xie Yu; Editing by Anne Marie Roantree and Tom Hogue)
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