Builder China South City Ordered to Liquidate by Hong Kong Court

Developer China South City Holdings Ltd. was ordered to liquidate by Hong Kong’s High Court, making it the biggest Chinese builder by assets to be wound up since China Evergrande Group.

The ruling from Judge Linda Chan came after the liquidation petitioner asked for an immediate wind-up order. China South City asked the court for “one final chance,” but Chan said that no significant progress had been made on the company’s restructuring proposal.