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News & Politics

China Evergrande Group Ordered to Liquidate by Hong Kong High Court
News & Politics

China Evergrande Group Ordered to Liquidate by Hong Kong High Court

SHENZHEN, CHINA, January 31, 2023 / -- The Hong Kong High Court has ordered the liquidation of China Evergrande Group, one of the largest property developers in the country. In a statement released on January 29, the company confirmed that it had been placed under liquidation proceedings. "The company is now under liquidation," the statement read. "We regret to inform our shareholders and investors, we can no longer guarantee the payment of our debts."