Caixin
Jun 28, 2022 05:54 AM
FINANCE

Evergrande Faces Creditor Petition in Hong Kong for Liquidation

What’s new: An overseas creditor filed suit in Hong Kong demanding the liquidation of China Evergrande Group as the indebted developer races to develop a restructuring plan for its $300 billion of liabilities.

The Samoan Islands-registered creditor, Top Shine Global Ltd. of Intershore Consult (Samoa) Ltd., filed the petition with Hong Kong’s high court to wind down China Evergrande, according to a release on the website of the Hong Kong judiciary. A preliminary hearing is scheduled for Aug. 31.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
NEWSLETTERS
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
PODCAST
Caixin China Biz Roundup: China Warns Not to Bet Against the Yuan
00:00
00:00/00:00