Hong Kong court orders liquidation of China's Evergrande

by Shine

January 29, 2024

[News]

Evergrande

Credit: Reuters

Caption: Media members stand outside the High Court where a court hearing on property developer China Evergrande Group is held, in Hong Kong, China, on January 29, 2024.

A Hong Kong court on Monday ordered the liquidation of Chinese property giant Evergrande.

High Court judge Linda Chan's decision effectively kickstarts a long process which includes liquidating the developer's assets and replacing its management to assuage concerns of its creditors.

#Evergrande

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