Hong Kong's court orders Evergrande Group to liquidate

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Hong Kong's court orders Evergrande Group to liquidate

STORY: Hong Kong's court orders Evergrande Group to liquidate SHOOTING TIME: Earlier footage DATELINE: Jan. 29, 2024 LENGTH: 0:00:32 LOCATION: HONG KONG, China CATEGORY: LAW SHOTLIST: 1. various of the High Court of the Hong Kong Special Administrative Region (HKSAR) 2. various of the Evergrande Group STORYLINE: The High Court of the Hong Kong Special Administrative Region (HKSAR) on Monday held a hearing for the winding-up petition against China Evergrande Group, ordering the company to liquidate. Evergrande, with debts exceeding 300 billion U.S. dollars, had previously faced a liquidation application from its creditors and was preparing a new debt restructuring plan. The liquidation petition hearing resumed in the High Court on Monday, where Judge Linda Chan Ching-fan pointed out that Evergrande's debt restructuring plan lacked progress and that the company's assets were insufficient to cover its debts. The court plans to convene in the afternoon of Monday to handle regulatory orders and issu

  • Product Code
  • ILEA002246929
  • Registered date
  • 2024/1/29 00:00:00
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  • Xinhua / Kyodo News Images
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  • Xinhua News Agency.All Rights Reserved
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