Evergrande - Liquidation delayed no more...

[D.YU]

Oh no! I did not see this coming!

[shri]

Something to think about, while developed economies see one of the largest generational transfers of wealth.

The new generation of Chinese workers, who should drive forward the revival of their nation, no longer enjoys the growth which brought their parents out of poverty and into the now disintegrating housing market. Their inheritance has been frittered away buying millions of properties that will never be completed.

https://www.yahoo.com/news/china-eco...151328468.html

[AsianXpat0]

Does anybody have any insight into why Logan Group winding up petition went differently? Honourable Anthony Chan presiding I believe.

[shri]

Does anybody have any insight into why Logan Group winding up petition went differently? Honourable Anthony Chan presiding I believe.

Not been following this one .. how many extensions to "work it out" have been given?

[AsianXpat0]

https://finance.yahoo.com/news/china...023956447.html

They don’t make it very clear, but I guess the answer is the bank creditors didn’t step into the position to carry on the petition? Perhaps the headline shouldn’t say the petition failed then.

[Elefant&Castle]

It was all PwC's fault - how much of the gigantic losses can they hope to squeeze out of them?

Lawyers for the liquidators started the legal process against PwC Hong Kong and PwC Zhong Tian, the firm’s mainland China arm, in March, court documents obtained by the Financial Times on Tuesday showed. The documents — which do not say how much money the liquidators might sue for

https://www.ft.com/content/a7d8f0d0-...b-0ed15e1c0a87