Two years after its default marked a key moment in China’s property crisis, the world’s most indebted developer may be heading for another bleak milestone: liquidation.
China Evergrande Group faces a Hong Kong court hearing on Monday over a creditor request to wind up the company, a lawsuit that’s lingered for about 18 months. The developer must convince the judge that it has a concrete debt restructuring plan. Failure to do so will likely mean liquidation, leading to more chaos in its operations and further denting sentiment in the housing market.
Article From & Read More ( Evergrande Faces Final Chance to Avoid Liquidation by HK Court - Bloomberg )https://ift.tt/143hAxn
Business
Bagikan Berita Ini
0 Response to "Evergrande Faces Final Chance to Avoid Liquidation by HK Court - Bloomberg"
Post a Comment