Property crisis continues! China South City ordered to liquidate by Hong Kong court; biggest since Evergrande
China South City, a major Chinese construction firm, faces liquidation following a Hong Kong High Court order, mirroring the Evergrande situation and highlighting the ongoing property sector crisis. Despite restructuring attempts and keepwell deeds from Shenzhen SEZ, the court deemed progress insufficient.
China South City, a major Chinese construction firm, faces liquidation following a Hong Kong High Court order, mirroring the Evergrande situation and highlighting the ongoing property sector crisis. Despite restructuring attempts and keepwell deeds from Shenzhen SEZ, the court deemed progress insufficient.
