Chinese developer Dexin ordered to liquidate by Hong Kong court
Hong Kong (AFP) June 11, 2024
A Hong Kong court ordered the liquidation of Chinese developer Dexin on Tuesday, according to a report, making it the latest firm to be hit with such an order as the sector struggles with a long-running debt crisis. The decision comes as Beijing tries to shore up the industry, which accounts for a huge portion of the world's number two economy and is causing a headache for leaders struggling
A Hong Kong court ordered the liquidation of Chinese developer Dexin on Tuesday, according to a report, making it the latest firm to be hit with such an order as the sector struggles with a long-running debt crisis. The decision comes as Beijing tries to shore up the industry, which accounts for a huge portion of the world's number two economy and is causing a headache for leaders struggling