A court in southern China’s Guangdong province accepts a bankruptcy liquidation petition involving China Evergrande Group’s main onshore real estate unit, Hengda Real Estate, as part of efforts to wind down the developer’s collapse. The Guangzhou Intermediate People’s Court says it accepts the petition filed by a creditor, Guangzhou Rural Commercial Bank’s Huaxia branch, under China’s Enterprise Bankruptcy Law.
The decision is described as closing a major legal and financial chapter in the long-running Evergrande saga. It follows a period of restructuring and legal action tied to Evergrande’s debts and default risk after the company’s high-profile property troubles. Both outlets frame the step as part of a broader push by Chinese authorities and courts to resolve liabilities stemming from the company’s earlier failures.
While the reports focus on the same court acceptance, they provide limited additional detail and do not dispute each other. One outlet links the development explicitly to the founder’s life sentence, while the other emphasizes the move to wrap up the cleanup after the empire’s collapse.
