Another Evergrande-Style Collapse, Hundreds of Billions Vanish, Shenzhen Can’t Take It!
Another Evergrande-Style Collapse, Hundreds of Billions Vanish, Shenzhen Can’t Take It!
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On August 11 this year, the Hong Kong High Court ordered the liquidation of Shenzhen's China South City Holdings. By asset size, this is the largest liquidation of a Chinese real estate company since Evergrande. Notably, three years ago, Shenzhen SEZ Construction And Development Group became the largest shareholder, but still couldn’t prevent China South City's bankruptcy.
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