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China Evergrande's unit receives liquidation order from HK court

China Evergrande's unit receives liquidation order from HK court

FILE PHOTO: An Evergrande sign is seen near residential buildings at an Evergrande residential complex in Beijing, China September 27, 2023. REUTERS/Florence Lo/File Photo

China Evergrande said on Monday that a court in Hong Kong had ordered one of its key offshore units to be wound up, the latest in a slew of legal victories for the embattled developer’s liquidators.