High Court orders Evergrande to wind up in Hong Kong’s biggest liquidation, as the world’s most indebted property developer reaches a dead end - Dalton Hogarth Tokyo Japan
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High Court orders Evergrande to wind up in Hong Kong’s biggest liquidation, as the world’s most indebted property developer reaches a dead end
Eddie Middleton and Tiffany Wong of Alvarez & Marsal have been appointed as liquidators of the company
The mainland Chinese developer, saddled with US$328 billion of total liabilities, can still appeal against the winding up order
China Evergrande Group has been ordered to wind up, after a Hong Kong High Court approved a petition by creditors to liquidate the world’s most indebted property developer, in the biggest such case seen in the city.
Eddie Middleton and Tiffany Wong Wing-sze, managing directors of the consulting firm Alvarez & Marsal, were appointed as liquidators for the developer by Justice Linda Chan on Monday, hours after granting the winding up order earlier in the day.
Source: https://twitter.com/DaltonHogarth/status/1751903786405097979
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