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Evergrande Solar Power Generation

Here''s what to know about the collapse of China''s

A Hong Kong court has ordered the liquidation of the Evergrande Group, China''s giant and massively indebted real estate developer, after the company was unable to restructure the $300 billion it owed investors.

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Evergrande Solar Power Generation [PDF]

6 FAQs about [Evergrande Solar Power Generation]

Who owns Evergrande real estate?

Businessman Hui Ka Yan founded Evergrande, formerly known as the Hengda Group, in 1996 in Guangzhou, southern China. According to the company's website, Evergrande Real Estate currently owns more than 1,300 projects in more than 280 cities across China. The broader Evergrande Group encompasses far more than just real estate development.

Is Evergrande the world's most valuable real estate company?

Evergrande was once listed as the world's most valuable real estate company, but on Monday, a Hong Kong court ordered it to be liquidated. A Hong Kong court has ordered the liquidation of the Evergrande Group, China's giant and massively indebted real estate developer, after the company was unable to restructure the $300 billion it owed investors.

How many real estate projects does Evergrande own?

According to the company's website, Evergrande Real Estate currently owns more than 1,300 projects in more than 280 cities across China. The broader Evergrande Group encompasses far more than just real estate development. Its businesses range from wealth management to making electric cars and food and drink manufacturing.

Why did Hong Kong liquidate Evergrande Group?

A Hong Kong court has ordered the liquidation of the Evergrande Group, China's giant and massively indebted real estate developer, after the company was unable to restructure the $300 billion it owed investors. Just six years ago, Evergrande was riding high, preselling apartments to middle- and upper-income Chinese.

What happened to Evergrande?

The crisis at the world's most indebted property developer Evergrande has deepened as a court in Hong Kong ordered the company to be wound up. Trading in the company's shares was suspended in Hong Kong after the ruling.

Is Evergrande a 'one country two systems' company?

Most of Evergrande's assets - 90% according to Judge Chan's ruling - are in mainland China and despite the "one country, two systems" slogan, there are thorny jurisdictional issues.

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