China Evergrande Group has appointed liquidators for its subsidiary, Tianji Holding

China Evergrande Group has appointed liquidators for its subsidiary, Tianji Holding.

• This comes after Hong Kong’s High Court issue a winding-up order

Follows the ongoing suspension of the company’s share trading, highlighting its financial difficulties and possible consequences for stakeholders, including shareholders and creditors, who are urged to remain cautious.

Trading in Evergrande shares remains halted.

This article was written by Eamonn Sheridan at www.forexlive.com.