A Hong Kong High Court has issued a liquidation order for China South City Holdings Ltd., marking the largest Chinese construction company by assets to face winding up since China Evergrande Group.This court decision exemplifies the ongoing impact of China’s property sector crisis on major real estate firms. Despite governmental support measures, residential sales remain subdued, suggesting a delayed recovery. UBS Group AG has revised its earlier optimistic outlook, now anticipating a postponed revival unless Beijing implements additional economic support.Judge Linda Chan delivered the verdict after the petitioner…
Insolvency Guardian
Insolvency Services & Bankruptcy Advice
