Hong Kong court orders liquidation of China's Evergrande

Hong Kong (AFP) Jan 29, 2024

A Hong Kong court on Monday ordered the liquidation of China's property giant Evergrande, but the firm said it would continue to operate in a case that has become a symbol of the nation's deepening economic woes. Once China's biggest real estate firm, its astronomical debt of more than $300 billion had become emblematic of a years-long crisis in the country's property market that had reverbe