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Real estate giant Evergrande faces liquidation

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Published: January 29th, 2024,
Last updated: May 28th, 2025

Evergrande is the world’s most indebted real estate company. Now, it is at risk of being wound-up.

On Monday, the Supreme Court in Hong Kong will decide whether Evergrande, the world’s most indebted property company, will be liquidated. According to two insiders, an influential group of bondholders has this week sided with those in favor of winding up the ailing group. Lawyers now believe it is more likely that Judge Linda Chan of the Hong Kong High Court will rule in favor of liquidation. The creditor group holds two billion dollars worth of China Evergrande’s foreign bonds.

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