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Chinese court in Guangzhou accepts bankruptcy case of Evergrande unit

Summary by WTVB
BEIJING, Aug 21 (Reuters) - A court in China's Guangzhou has accepted ​the bankruptcy liquidation ‌case of Hengda Real Estate Group, the mainland property unit of China Evergrande ‌Group, ​according to a ⁠court statement ⁠on Friday. The Guangzhou Inter...

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The Guangzhou court cited the inability of China's former real estate giant to repay overdue debts.

·Marousi, Greece
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(Beijing=Yonhap News) Correspondent Kim Hyun-jung = A Chinese court has accepted a bankruptcy liquidation application for a key subsidiary of Evergrande, considered a symbol of the real estate crisis...

·Seoul, Korea (the Republic of)
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WTVB broke the news on Friday, August 21, 2026.
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