Chinese Real Estate Giant Evergrande Ordered to Wind Up by Hong Kong Court
HONG KONG (AP) — Chinese real estate company Evergrande has been issued a winding-up order by a Hong Kong court on Monday due to its failure to present a viable restructuring plan. Judge Linda Chan made the decision after noting the lack of progress made by the company in proposing a workable solution. Evergrande, a troubled giant in the Chinese real estate sector, faced the winding-up order after it was unable to persuade the court that it had a feasible restructuring plan in place. This development highlights the ongoing challenges faced by the company amid … Read more