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Hong Kong court orders Chinese property developer Evergrande to liquidate | DW News
Posted
January 29, 2024
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January 29, 2024
118,793
1,292
453
1.47%
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3:59Now PlayingOne of China's largest real estate developers has been ordered to liquidate by a court in Hong Kong. Evergrande is the world's most indebted developer, with more than 270 billion euros worth of liabilities. The order came after a deal was unable to be reached with creditors. But the liquidation process could be complicated, with potential political considerations, given the many authorities involved. That could have a major effect on China's economy and global markets.
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