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A Hong Kong court has ordered the liquidation of the highly indebted China Evergrande Group, several media outlets reported on Monday. Judge Linda Chan handed down the judgement on Monday in Hong Kong, according to several media reports. 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 reorganization plan. The hearing had lasted a year and a half and the company was still unable to put forward a concrete proposal for restructuring, Chan said, as reported by the South China Mornin…

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