Hong Kong's High Court places Evergrande into liquidation

International investors will be closely watching if the liquidators, from Alvarez & Marsal Asia, have any power over the enforcement of assets in China of the troubled property group.

Justice Linda Chan, of the Hong Kong High Court, decided on Monday, January 29, to liquidate Chinese property developer Evergrande Group, which has more than $300 billion of total liabilities and around $240 billion of assets. 

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