Hong Kong justice decrees the liquidation of the Evergrande real estate group. The Chinese real estate giant, with more than 300,000 million in debt, has been unable to carry out a restructuring plan.
The fall of Ever grande, considered the most indebted developer in the world, is one more sign of the critical moment that the sector is going through in China. The judge has appointed Edward Middleton and Tiffany Wong Wing-sze, of the consulting firm Alvarez & Marsal, as judicial administrators.