Real estate giant China Evergrande ordered by Hong Kong court to liquidate

Real estate giant China Evergrande ordered by Hong Kong court to liquidate

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A Hong Kong court ordered China Evergrande, the world's most heavily indebted real estate developer, to undergo liquidation following a failed effort to restructure $300 billion owed to banks and bondholders that fueled fears about China's rising debt burden. "It would be a situation where the…

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