The Hong Kong Court has issued a dissolution and sale of assets to China Jiayuan International Group Co., Ltd., asking for repayment of its debt.
According to Bloomberg News on Tuesday (May 2), the judge issued the liquidation order on the same day.In September of last year, Jiayuan International Holdings creditors put forward a liquidation of $ 14.5 million (about S $ 19.37 million) bills and interest matters.
According to the sales ranking of the contract, Jiayuan International has fallen out of the top 100 developers in China.In August last year, Jiayuan proposed for the first time to exchange bonds to extend to the bond period.However, after many extensions, the company gave up the effort last week and stated that it would seek a "more comprehensive solution" by performing plans in its restructuring support agreement.
Linda Chan said: "The so -called reorganization is not actually a specific proposal, just a company's idea."
Many currently tight Chinese development in China developed Chinese development.Business may face liquidation applications, including China Evergrande Group.
