Hong Kong court orders embattled Chinese developer Evergrande to liquidate

Chinese property developer Evergrande has been ordered to liquidate, after it failed to convince Hong Kong's high court that it is moving forward with its restructuring plan. Trading in Evergrande shares suspended in Hong Kong, after plunging 21% ahead of the hearing. However, it remains unclear if a Chinese court would recognise the Hong Kong ruling. Subscribe to our channel here: https://cna.asia/youtubesub Subscribe to our news service for must-read stories: Telegram - https://cna.asia/telegram WhatsApp - https://cna.asia/whatsapp Follow us: CNA: https://cna.asia CNA Lifestyle: http://www.cnalifestyle.com Facebook: https://www.facebook.com/channelnewsasia Instagram: https://www.instagram.com/channelnewsasia Twitter: https://www.twitter.com/channelnewsasia TikTok: https://www.tiktok.com/@channelnewsasia