China Evergrande is at risk of being liquidated

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Evergrande’s Stalled Turnaround Plan Casts Doubt on Corporate Restructuring in China
Troubled property companies in China may be pushed into liquidation by foreign creditors if regulators block reorganization plans

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China Evergrande is at risk of being broken up or liquidated after regulators in Beijing blocked key parts of the embattled property giant’s proposed turnaround plan, a foreboding sign for other troubled real-estate companies in China trying to survive the country’s deepening housing crisis.

https://www.wsj.com/articles/evergrandes-stalled-turnaround-plan-casts-doubt-on-corporate-restructuring-in-china-c5f0f7f3


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