$EVERGRANDE (03333.HK)$$Hang Seng Index (800000.HK)$$EVERG S...
$EVERGRANDE (03333.HK)$ $Hang Seng Index (800000.HK)$ $EVERG SERVICES (06666.HK)$China's largest bankruptcy case, Everbright Group has started liquidation: Everbright Hong Kong has been issued a winding-up order by the Hong Kong court, with only 3.4% of debt recoverable. The liquidator appointed by the court is the law firm that liquidated Lehman Brothers in 2008.Click the link:
The liquidation order marks the next stage of the Chinese real estate crisis, and how to liquidate bankruptcy. She said that this not only bursts the last hope bubble, but also opens the Pandora's box that will affect all related industries, and will greatly test the determination and efforts of Chinese decision-makers to save the troubled economy and stock market. Everbright Securities International: The liquidation order of Evergrande may further weaken the confidence of mainland creditors and also affect the confidence of investors in the Chinese real estate industry and the willingness to sell real estate, thereby further impacting the economy and capital markets.
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