The High Court of Hong Kong ordered Dexin to be wound up over its failure to repay more than $300 million to creditors.
June 13, 2024 at 05:05 AM
2 minute read
Dexin China Holdings, a medium-sized property developer based in Zhejiang province, on Tuesday became the latest Chinese developer to face liquidation after it received a winding-up order from Hong Kong’s High Court over its failure to repay the money it owed its creditors.
The Official Receiver has been appointed as the Provisional Liquidator while Mayer Brown and JunHe Law Offices were the representative firms, according to court records.
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