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Evergrande faces imminent liquidation after talks with top creditors break down - WSJ (www.reuters.com)

submitted 2 years ago by donuts@kbin.social to c/worldnews@kbin.social

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Chinese property developer Evergrande faces imminent liquidation after its overseas creditors failed to reach an 11th-hour deal this weekend to restructure the sprawling real-estate company, the Wall Street Journal reported on Sunday, citing people familiar with the matter.

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[–] HeartyBeast@kbin.social 2 points 2 years ago

It’s a little more complicated - liquidation could take a while https://www.bbc.co.uk/news/business-67562522

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