Crisis-hit Chinese property giant Evergrande has been ordered to liquidate by a court in Hong Kong.
The firm has been the poster child of China’s real estate crisis with more than $300bn (£236bn) of debt.
After the troubled developer repeatedly failed to come up with a plan to restructure its debts, Judge Linda Chan said "enough is enough".
Evergrande’s executive director, Shawn Siu, described the decision as "regrettable", but said the company would continue to operate in mainland China.
Subscribe here: http://bit.ly/1rbfUog
For more news, analysis and features visit: www.bbc.com/news
#Evergrande #BBCNews
VERONA (ITALPRESS) – Prima vittoria in campionato per il Verona che batte l’Atalanta 3-1 grazie alle reti di Belghali, Giovane…
LUBLINO (POLONIA) (ITALPRESS) – Due medaglie individuali per l’Italia nella penultima giornata di Europei in vasca corta di Lublino (Polonia).…
MILANO (ITALPRESS) – Una notte da sola in vetta, aspettando gli impegni di Milan, Napoli e Roma. Nella bagarre d’alta…
Today, Laura and Paddy are joined by TV critic and broadcaster Scott Bryan to discuss the future of the entertainment…
TORINO (ITALPRESS) – “La maglia della Juve è stata tessuta per questo: per vincere le partite. Domani è importante, ci…