Dexin China Holdings Faces Liquidation Amidst $300 Million Debt Crisis

Chinese property developer Dexin China Holdings, based in Zhejiang province, is the latest to face liquidation after failing to repay over $300 million to creditors. Hong Kong’s High Court issued a winding-up order, appointing the Official Receiver as Provisional Liquidator. The legal proceedings were managed by Mayer Brown and JunHe Law Offices, representing the involved parties. More information can be found here.