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China real estate giant Evergrande, over $300 billion in debt, is ordered to liquidate

Por: Los Angeles Times Business January 29, 2024

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A Hong Kong court ordered China Evergrande, the world’s most heavily indebted real estate developer, to undergo liquidation following a failed effort to restructure $300 billion owed to banks and bondholders that fueled fears about China’s rising debt burden. “It would be a situation where the court says enough is enough,” Judge Linda Chan said Monday. She said it was appropriate for the court to order Evergrande to wind up its business... + full article



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