HONG KONG (AP) — A Hong Kong court on Monday ordered property developer China Evergrande Group to liquidate after it was unable to reach a restructuring deal with creditors. HT Image Judge Linda Chan said it was appropriate for the court to order Evergrande to wind up its business given a “lack of progress on the part of the company putting forward a viable restructuring proposal” as well as Evergrande’s insolvency. Stay tuned for all the latest updates on Ram Mandir! Click here The liquidation order is likely to impact China’s financial system, even as authorities try to prevent a selloff in the Chinese stock market. Evergrande’s liquidation will likely also lessen confidence in the
Hence then, the article about court orders china evergrande property developer to liquidate after it failed to reach debt deal was published today ( ) and is available onBloomberg News Today ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Court orders China Evergrande property developer to liquidate after it failed to reach debt deal )