Market Chatter: Hong Kong Court Orders Winding Up of China Evergrande Unit

MT Newswires Live

01-10

A court in Hong Kong ordered China Evergrande (HKG:3333) unit CEG Holdings BVI to wind up during a hearing on Friday, Bloomberg News reported the same day.

CEG Holdings BVI holds nearly half of Evergrande unit Evergrande Property Services (HKG:6666), according to Bloomberg.

The liquidation petition, filed in September 2024, is part of a series of efforts by court-appointed liquidators to recover assets from Evergrande, the world's largest indebted developer, the report said. Evergrande's liquidation led to a downfall in China's property market.

Liquidators are also scrambling to recover $6 billion in dividends and cashback to seven persons including founder Hui Ka Yan, Bloomberg reported.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Evergrande's liquidation led to a downfall in China's property market.</p><p>Liquidators are also scrambling to recover $6 billion in dividends and cashback to seven persons including founder Hui Ka Yan, Bloomberg reported.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1542","symbol_name":"內地物業管理股","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2502832989","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2502832989","pubTimestamp":1736501285,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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