Disaster-hit Chinese property big Evergrande has been ordered to liquidate by a courtroom in Hong Kong.
The company has been the poster child of China’s proper property crisis with greater than $300bn (£236bn) of debt.
After the alarmed developer over and over failed to advance up with a map to restructure its debts, Make a selection Linda Chan said “sufficient is sufficient”.
Evergrande’s executive director, Shawn Siu, described the decision as “regrettable”, but said the corporate would proceed to characteristic in mainland China.
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