Crisis-hit Chinese language property enormous Evergrande has been ordered to liquidate by a court in Hong Kong.
The firm has been the poster child of China’s true property disaster with bigger than $300bn (£236bn) of debt.
After the vexed developer many instances did not reach up with a understanding to restructure its debts, Preserve Linda Chan acknowledged “enough is enough”.
Evergrande’s executive director, Shawn Siu, described the decision as “regrettable”, but acknowledged the corporate would proceed to objective in mainland China.
Subscribe here: g
For more news, analysis and components talk about with: www.bbc.com/news
#Evergrande #BBCNews
