HW Shorts APP International News

Hong Kong Court Mandates Liquidation For China’s Evergrande

On January 29, a Hong Kong court ordered the liquidation of the beleaguered Chinese property giant Evergrande, intensifying the impact of the property crisis rippling through the economy. The High Court judge’s decision initiates a comprehensive process involving asset liquidation and management replacement to address creditors’ concerns amid the company’s staggering $300 billion in liabilities.

Dear Readers,
As an independent media platform, we do not take advertisements from governments and corporate houses. It is you, our readers, who have supported us on our journey to do honest and unbiased journalism. Please contribute, so that we can continue to do the same in future.

Related posts