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EVERGRANDE's Key Subsidiary Tianji Holding Ordered to Liquidate by HK Court
Tianji Holding, a key subsidiary of EVERGRANDE (03333.HK), has been ordered to liquidate by the Hong Kong court due to apparent insolvency, marking the second EVERGRANDE subsidiary...
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EVERGRANDE's Key Subsidiary Tianji Holding Ordered to Liquidate by HK Court
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Tianji Holding, a key subsidiary of EVERGRANDE (03333.HK)  0.000 (0.000%)   , has been ordered to liquidate by the Hong Kong court due to apparent insolvency, marking the second EVERGRANDE subsidiary ordered to liquidate within two months, Bloomberg reported.

Tianji Holding not only has over 200 subsidiaries registered in the British Virgin Islands, Hong Kong, and China, but it is also a guarantor for some of EVERGRANDE's USD bonds. The debt related to Tianji Holding totals around RMB37 billion.
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