Evergrande: Chinese property big ordered to liquidate | BBC News

Evergrande: Chinese property big ordered to liquidate | BBC News

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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