China's medium -sized real estate developer Dexin China received a liquidation order in Hong Kong.
According to Bloomberg, Dexin China received a liquidation order issued by the Hong Kong Higher Court on Tuesday (June 11), which was less than three months before submitting liquidation from China Construction Bank (Asia).
Related to the 9.95%priority notes and interests that involved the non -payment principal amount of US $ 350 million (about S $ 474 million) in December 2022.
Bloomberg reported that in the legal litigation case involving Chinese housing companies overdue debt, the creditors proposed that the case was increasingly liquidated and the victory was increasing.In the past few years, many Chinese -funded real estate companies have received liquidation orders from the Hong Kong Court, including Jiayuan International, Overseas Overseas of Sunshine City, Xinli Holdings and China Evergrande.
