Author: Marketforces Africa

MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

Evergrande Ordered to Liquidate as Debt Talks Fail A Hong Kong court has ordered the liquidation of the highly indebted China Evergrande Group. Judge Linda Chan handed down the judgment on Monday in Hong Kong, according to media reports, resulting in a sharp share price decline. She said the creditors from abroad had taken the company to court because of its missing several payments. The real estate giant had previously tried to avert liquidation with a reorganisation plan. Chan said the hearing had lasted a year and a half, and the company was still unable to put forward a concrete…

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