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Thursday, January 9, 2025

China Evergrande’s Key Unit Ordered to Liquidate by HK Court

 A key offshore subsidiary of China Evergrande Group was ordered to liquidate by a Hong Kong court, marking the latest legal win for liquidators who are trying to access the defaulted builder’s key assets.

A year ago, China Evergrande Group was ordered to be wound up in Hong Kong, and its liquidators subsequently filed the petition against its subsidiary CEG Holdings BVI Ltd. in September.

https://www.bloomberg.com/news/articles/2025-01-10/china-evergrande-s-key-unit-ordered-to-liquidate-by-hk-court

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