Disaster-hit Chinese language property extensive Evergrande has been ordered to liquidate by a court docket in Hong Kong.
The firm has been the poster youngster of China’s staunch estate crisis with bigger than $300bn (£236bn) of debt.
After the jumpy developer repeatedly failed to near up with a thought to restructure its cash owed, Mediate Linda Chan acknowledged “ample is ample”.
Evergrande’s govt director, Shawn Siu, described the determination as “regrettable”, nevertheless acknowledged the firm would continue to operate in mainland China.
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