-- The list of Chinese developers facing court-ordered liquidation in Hong Kong is getting longer, after a builder of homes in an affluent eastern coastal region was ordered to wind up.Investment Bank Moelis Probes Incident After Video of Employee Appearing to Punch WomanDexin China Holdings Co. received the order Tuesday, three months after a petition was filed by China Construction Bank , and a year and half after it defaulted.
Dexin defaulted in December 2022 with nonpayment of 9.95% senior notes due in 2022 in principal amount of $350 million. That’s a “really long time ago,” China Construction Bank’s legal representative said in court on Tuesday. The developer’s lawyer tried to argue that a small number of creditors opposed the petition and there had been attempts to negotiate.
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