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30 Jan
10:32

Hong Kong court issues Evergrande winding-up order

China Evergrande Group, the world’s most indebted property developer, on Monday was ordered by a Hong Kong High Court to wind up, Kallanish notes. In June 2022, creditor Top Shine Global filed a liquidation petition against China Evergrande to the Hong Kong High Court. Now, after seven adjourned hearings, China Evergrande has finally been ordered to liquidate. “The hearing has lasted for one and a half years, and the company still has not been able to…
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