China Evergrande Faces Imminent Liquidation

January 29th, 2024
A key group of offshore bondholders, holding over $2 billion in bonds, plans to support a liquidation petition against China Evergrande at a Hong Kong court hearing. This move escalates the crisis for the world's most indebted construction firm, potentially leading to a swift liquidation decision and a major impact on global capital markets. Liquidation could result in a low recovery rate for creditors and complex legal procedures spanning months or years.
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