Chinese property behemoth Evergrande faces compulsory liquidation and Hong Kong stock market delisting after failing to deliver a viable restructuring plan, sending shockwaves through global markets.
A Hong Kong court has ordered the liquidation of property giant China Evergrande, triggering fears of a deeper crisis in the world's second-largest economy and global financial contagion.
China Evergrande Group, the embattled property developer at the heart of the nation's real estate crisis, has been formally delisted from the Hong Kong Stock Exchange. This marks a dramatic endpoint for a firm whose staggering $300bn debt sent shockwaves