China property developer Evergrande faces imminent liquidation

  • A fire sale is not going to be seen as supportive for China assets. But, perhaps the capitulation will end up helping.

The Wall Street Journal reports that Chinese property developer Evergrande faces imminent liquidation after talks with its overseas creditors failed to reach a deal.

  • Evergrande and creditors couldn't agree on a restructuring plan
  • Talks have have broken down
  • Creditors are said to support the liquidation plan at today's court hearing
Evergrande China 18 August 2023

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