China property crisis: Hong Kong court orders Evergrande and HNA units to liquidate

Quick Summary:

Tianji Holding and HNA Group (International) have become the latest casualties in the mainland’s distressed property sector.

Sunac China Holdings, Shimao Group Holdings and Country Garden Holdings are among the companies that have been confronted with wind-up hearings and fresh liquidation petitions.

A contributory is someone who has a legal obligation to contribute towards the assets of the company in the event it is wound up.

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Article Details

Author / Journalist: Yuke Xie

Category: Business

Markets: Hong KongChina

Topics: Ordered China Creditors Court Monday Billion Group Offshore Unit Holdings Evergrande

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-17 @ 17:39:27 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 268 words

Reading Time: 2 minutes read

Sentences: 10 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 26218578

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Official Website: scmp.com

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