मैगज़्टर गोल्ड के साथ असीमित हो जाओ
10,000 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ
कोशिश गोल्ड - मुक्त
China's Evergrande heads for liquidation
Mint Mumbai
|January 30, 2024
China Evergrande Group received a liquidation order from a Hong Kong court, setting off a daunting process to carve up one of the biggest casualties of a property crisis that's upending the world's second-largest economy.
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The ruling on Monday from Hong Kong judge Linda Chanis the latest twist in a saga that saw Evergrande amass more than $300 billion of liabilities during China's debt-fueled property boom, before turning into the poster child of a market bust that shows few signs of ending.
The builder was valued at just $275 million on Monday before trading in its shares was halted, down more than 99% from peak.
यह कहानी Mint Mumbai के January 30, 2024 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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