‘Enough is enough’: With $300 billion in debt, court says it’s time to liquidate China’s Evergrande
Evergrande's Hong Kong-traded shares plunged more than 20% early on Monday before they were suspended from trading after a Hong Kong court ordered the world’s most heavily indebted real estate developer to undergo liquidation. The firm is the second biggest company in China's enormous property market, with $300 billion (€277 billion) owed to banks and bondholders. A court order for a liquidation process means that the company's assets will be […]