China Evergrande Heads to Liquidation; Trading Suspended
January 29, 2024
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2:38Now PlayingChina Evergrande Heads to Liquidation; Trading Suspended
YouTube Description
as posted by the channelChina Evergrande Group, the world’s most-indebted property developer, received a liquidation order from a Hong Kong court. Judge Linda Chan said a wind-up will end up in the company being managed by provisional liquidators and addressing issues. The ruling cements the homebuilder — carrying 2.39 trillion yuan ($333 billion) of liabilities — as the most prominent symbol so far of China’s real estate crisis. Lorretta Chen reports on Bloomberg Television.
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