Market Chatter: Hong Kong Court Orders Winding Up of China Evergrande Unit

MT Newswires Live

Jan 10

A court in Hong Kong ordered China Evergrande (HKG:3333) unit CEG Holdings BVI to wind up during a hearing on Friday, Bloomberg News reported the same day.

CEG Holdings BVI holds nearly half of Evergrande unit Evergrande Property Services (HKG:6666), according to Bloomberg.

The liquidation petition, filed in September 2024, is part of a series of efforts by court-appointed liquidators to recover assets from Evergrande, the world's largest indebted developer, the report said. Evergrande's liquidation led to a downfall in China's property market.

Liquidators are also scrambling to recover $6 billion in dividends and cashback to seven persons including founder Hui Ka Yan, Bloomberg reported.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www-web.itiger.com/news/2502832989"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2502832989\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2502832989?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-10 17:28","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2502832989","market":"sg","top_or_hot":-1,"title":"Market Chatter: Hong Kong Court Orders Winding Up of China Evergrande Unit","media":"MT Newswires Live","content":"<html><body><p> A court in Hong Kong ordered China Evergrande (HKG:3333) unit CEG Holdings BVI to wind up during a hearing on Friday, Bloomberg News reported the same day.</p><p>CEG Holdings BVI holds nearly half of Evergrande unit Evergrande Property Services (HKG:6666), according to Bloomberg.</p><p>The liquidation petition, filed in September 2024, is part of a series of efforts by court-appointed liquidators to recover assets from Evergrande, the world's largest indebted developer, the report said. Evergrande's liquidation led to a downfall in China's property market.</p><p>Liquidators are also scrambling to recover $6 billion in dividends and cashback to seven persons including founder Hui Ka Yan, Bloomberg reported.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Market Chatter: Hong Kong Court Orders Winding Up of China Evergrande Unit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarket Chatter: Hong Kong Court Orders Winding Up of China Evergrande Unit\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-01-10 17:28</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> A court in Hong Kong ordered China Evergrande (HKG:3333) unit CEG Holdings BVI to wind up during a hearing on Friday, Bloomberg News reported the same day.</p><p>CEG Holdings BVI holds nearly half of Evergrande unit Evergrande Property Services (HKG:6666), according to Bloomberg.</p><p>The liquidation petition, filed in September 2024, is part of a series of efforts by court-appointed liquidators to recover assets from Evergrande, the world's largest indebted developer, the report said. Evergrande's liquidation led to a downfall in China's property market.</p><p>Liquidators are also scrambling to recover $6 billion in dividends and cashback to seven persons including founder Hui Ka Yan, Bloomberg reported.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1229","symbol_name":"房地产经营公司","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2502832989","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2502832989","pubTimestamp":1736501285,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"A court in Hong Kong ordered China Evergrande  unit CEG Holdings BVI to wind up during a hearing on Friday, Bloomberg News reported the same day.CEG Holdings BVI holds nearly half of Evergrande unit Evergrande Property Services , according to Bloomberg.The liquidation petition, filed in September 2024, is part of a series of efforts by court-appointed liquidators to recover assets from Evergrande, the world's largest indebted developer, the report said. Evergrande's liquidation led to a downfall in China's property market.Liquidators are also scrambling to recover $6 billion in dividends and cashback to seven persons including founder Hui Ka Yan, Bloomberg reported.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1229":"房地产经营公司","BK1555":"内房股","06666":"恒大物业","BK1240":"房地产开发","BK1258":"房地产运营公司","BK1542":"内地物业管理股","BK1598":"恒大概念","03333":"中国恒大","BK1507":"粤港澳大湾区"},"translate_title":"市场热议：香港法院下令中国恒大子公司清盘","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03333":1,"06666":0.9},"content_text":"A court in Hong Kong ordered China Evergrande (HKG:3333) unit CEG Holdings BVI to wind up during a hearing on Friday, Bloomberg News reported the same day.CEG Holdings BVI holds nearly half of Evergrande unit Evergrande Property Services (HKG:6666), according to Bloomberg.The liquidation petition, filed in September 2024, is part of a series of efforts by court-appointed liquidators to recover assets from Evergrande, the world's largest indebted developer, the report said. Evergrande's liquidation led to a downfall in China's property market.Liquidators are also scrambling to recover $6 billion in dividends and cashback to seven persons including founder Hui Ka Yan, Bloomberg reported.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}