Fri 02/02/2024 03:20 AM
Reorg Asia Highlights:
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The Hong Kong Court has wound up China Evergrande Group, or CEG, as the company failed to provide a concrete restructuring proposal or garner the requisite creditor support following a series of adjournments;
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CEG’s liquidators will now decide on next steps, perhaps considering whether a consensual restructuring deal with CEG’s creditors can be resurrected or if they will need to adopt a traditional liquidation approach of collecting CEG’s assets and...
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