China Evergrande's unit receives liquidation order from Hong Kong court

By Yahoo! Finance   |   1 day ago
China Evergrande's unit receives liquidation order from Hong Kong court

China Evergrande faced a court order in Hong Kong to wind up its offshore unit, CEG Holdings BVI. The liquidators aim to recover funds from the debt-laden company, which defaulted in 2021, triggering a crisis in China's real estate market.

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