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☆ China fines Evergrande's Hengda $577 million for fraudulent bond issuance
▼ + stars: | 2024-05-31 | by ( ) www.cnbc.com time to read: +1 min

An aerial view of construction sites and new residential developments in the Nanchuan area of Xining, Qinghai province, China. China has fined China Evergrande's onshore flagship unit 4.18 billion yuan ($577 million) for fraudulent bond issuance and illegal information disclosure, the China Securities Regulatory Commission (CSRC) said on Friday. The regulator also fined Evergrande founder Hui Ka Yan 47 million yuan and barred him from the securities market for life, according to a statement. "The maximum fine (against Hengda) is the most severe since the unified law enforcement of the bond market," said CSRC, adding it had considered Hengda's bond issuance size and mandate to complete home constructions for buyers when making the decision. China is weighing imposing a record fine of at least 1 billion yuan on PricewaterhouseCoopers LLP and suspending some of the auditor's local operations over its role in auditing Evergrande, Bloomberg News reported on Thursday.

Persons: Hui Ka, Evergrande Organizations: China, China Securities Regulatory Commission, Evergrande, Hui Ka Yan, PricewaterhouseCoopers LLP, Bloomberg Locations: Nanchuan, Xining, Qinghai province, China, Hong Kong

☆ Kristin Chenoweth defends Ariana Grande over rumors that she was dating her 'Wicked' costar
▼ + stars: | 2024-05-16 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +4 min

Read previewKristin Chenoweth opened up about her decades-long friendship with Ariana Grande and defended the singer months after she was criticized for reportedly dating her married costar Ethan Slater. Grande stars as Glinda in the upcoming film adaptation of "Wicked," a role which Chenoweth played when the musical debuted on Broadway in 2003. This story is available exclusively to Business Insider subscribers. Cynthia Erivo and Ariana Grande in "Wicked." Representatives for Ariana Grande did not immediately respond to a request for comment.

Persons: —, Kristin Chenoweth, Ariana Grande, Ethan Slater, Grande, Glinda, Chenoweth, Slater, Dalton Gomez, Slater —, Lilly Jay, Bruce Glikas, Chenoweth —, AbbVie, I've, She's, Cynthia Erivo, Zach Sang, " Chenoweth Organizations: Service, Broadway, Business, Universal, Forbes, Variety, Daily Mail Locations: New York

☆ Then and now: The cast of 'Eternal Sunshine of the Spotless Mind' 20 years later
▼ + stars: | 2024-03-23 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +1 min

It's been two decades since "Eternal Sunshine of the Spotless Mind" first came out in theaters. The movie has been back in the spotlight following the release of Ariana Grande's new album, "Eternal Sunshine." Business Insider has taken a look at what the cast has done since the film came out. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Advertisement"Eternal Sunshine of the Spotless Mind" premiered in theaters 20 years ago, in 2004.

Persons: It's, Ariana Grande's, —, Michel Gondry, Joel, Jim Carrey, Clementine, Kate Winslet Organizations: Service, Business

☆ China Evergrande's flagship unit, founder punished for securities fraud
▼ + stars: | 2024-03-19 | by ( ) www.cnbc.com time to read: +1 min

The Evergrande Group headquarters building in Shenzhen is pictured on January 11, 2022 in Shenzhen, Guangdong Province of China. China Evergrande Group founder Hui Ka Yan will be barred from the securities market for life and fined 47 million yuan ($6.53 million) after the regulator accused the group's flagship unit of inflating results, securities fraud and failing to make timely disclosures. China Evergrande Group founder Hui Ka Yan will be barred from the securities market for life and fined 47 million yuan ($6.53 million) after the regulator accused the group's flagship unit of inflating results, securities fraud and failing to make timely disclosures. It comes days after the China Securities Regulatory Commission, or CSRC, vowed to crack down on securities fraud, and protect small investors with "teeth and horns". Last September, Evergrande said its founder was being investigated over suspected crimes.

Persons: Hui Ka Yan, Evergrande Organizations: Group, China Evergrande Group, Evergrande, Hong Kong High Court, China Securities Regulatory Commission Locations: Shenzhen, Guangdong Province of China, China

☆ Beijing says Evergrande and its tycoon founder committed a $78 billion fraud. That would rank it as one of the biggest financial frauds ever.
▼ + stars: | 2024-03-19 | by ( Huileng Tan | ) www.businessinsider.com time to read: +1 min

Beijing has accused Evergrande of inflating revenue by $78 billion in 2019 and 2020. Regulatory authorities have fined Evergrande's founder and banned him from the securities market for life. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIt just seems to get worse and worse for fallen Chinese real-estate giant Evergrande.

Persons: —, it's, Hengda, Hui Ka Yan, Xu Jiayin Organizations: Service, China Securities Regulatory Commission, Business Locations: Beijing, China —

☆ How producer Nick Lee helped Ariana Grande make the most personal song on her new album
▼ + stars: | 2024-03-13 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +5 min

Ariana Grande's new album "Eternal Sunshine" ends with a personal ballad called "Ordinary Things." AdvertisementIf Ariana Grande's new album "Eternal Sunshine" has a moral, it won't be found on the club-ready lead single "Yes, and?" It's the most intimate moment on Grande's seventh album, "Eternal Sunshine," released Friday, and it all came together with the help of Nick Lee. Lee, who is credited as a coproducer on "Ordinary Things," made the song's original beat with his friend Luka Kloser. "Intro (End of the World)" and "Ordinary Things" frame the album as a sacred quest to find peace and romantic clarity.

Persons: Ariana Grande's, Nick Lee, Lee, —, Grande, Marjorie Grande, nudging, he'd, Luka Kloser, Max Martin, it's, Kloser, Martin, Shintaro Yasuda, Aaron Paris, Nonna, Lee wasn't, that's Organizations: Grande, Service, Business, Spotify Locations: New York City, Los Angeles

☆ Every detail and reference you might have missed on Ariana Grande's new album 'Eternal Sunshine'
▼ + stars: | 2024-03-13 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +2 min

"Ordinary Things" was always meant to be the album's final song. Kevin Mazur/AMA2016/WireImage"I knew 'Ordinary Things' was the end of the album," Grande told Lowe. "But I wonder, how I can put that button on it and have it land emotionally the way that I feel it can? Grande found the answer in the middle of a 40-minute voice recording of her grandmother, Marjorie Grande, whom she calls "Nonna." Grande and Nonna are both credited as lyricists, while Grande is also credited as a coproducer alongside Martin, Luka Kloser, and Nick Lee.

Persons: Ariana Grande, Marjorie Grande, Kevin Mazur, Grande, Lowe, Shirley, Grande's, Martin, Luka Kloser, Nick Lee, Lee, Max Martin Organizations: Business Locations: Grande

☆ Some fans are calling out Jhené Aiko and Big Sean over Ariana Grande's album 'Eternal Sunshine.' Here's the drama, explained.
▼ + stars: | 2024-03-10 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +2 min

Read previewSome fans of Ariana Grande are calling out Big Sean and Jhené Aiko following the release of her new album, "Eternal Sunshine." Grande admonished her fans in an Instagram Stories post on Saturday, just one day after the album hit streaming sites. "Eternal Sunshine" is Grande's seventh album and her first one since 2020, prompting substantial fanfare from her fans. Business Insider's Callie Ahlgrim reported that the album's name derives from Michel Gondry's 2004 film "Eternal Sunshine of the Spotless Mind." Big Sean has been romantically linked to both women — and Grande's album shares the same name as a song from Aiko's 2014 album, "Souled Out."

Persons: —, Ariana Grande, Big Sean, Jhené Aiko, Grande, Callie Ahlgrim, Michel Gondry's, Dalton Gomez, Grande's, . Big Sean Organizations: Service, Big, Business Locations: .

☆ Ariana Grande's 'Eternal Sunshine' isn't her best album, but it's a solid collection of bops
▼ + stars: | 2024-03-08 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +6 min

However, Grande did "Eternal Sunshine" a disservice with its title and marketing. But asked if she planned to "address things" with "Eternal Sunshine," Grande demurred. Sure, you could say that Grande doesn't owe us honesty or specificity, and you might be right. As a staunch believer in the album as an art form, "Eternal Sunshine" left me wanting. But if I reframe "Eternal Sunshine" as a collection of excellent pop songs, I have very few complaints.

Persons: Katia Temkin, Max Martin, ILYA, Shintaro Yasuda, Nick Lee, Grande, who's, Sang, would've, Courtney, we're, She's, baring, I'm Organizations: Records, Press

☆ A complete timeline of Ariana Grande and Ethan Slater's relationship
▼ + stars: | 2024-03-08 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +13 min

March 2023: Grande and Slater are photographed togetherMichelle Yeoh posted this photo on March 27, 2023. July 20, 2023: Grande and Slater's new relationship makes headlinesEthan Slater is best known for playing SpongeBob SquarePants on Broadway. July 27, 2023: Slater's estranged wife says Grande is 'not a girl's girl'Lily Jay Slater and Ethan Slater in 2017. AdvertisementNovember 16, 2023: Grande attends the opening night of 'Spamalot'Ariana Grande in New York City on November 16, 2023. AdvertisementDecember 22, 2023: Grande includes an apparent nod to Slater in her holiday decorAriana Grande shared these photos on December 22, 2023.

Persons: —, Ariana Grande, Ethan Slater, Grande, Cynthia Erivo, Glinda, Jon M, Chu, Slater, Tony, SpongeBob, Dalton Gomez, Gomez, Michelle Yeoh, Michelle Yeoh's Oscar, Yeoh, Erivo, costars Grande, costars, they'd, ”, Kevin Mazur, Jenny Anderson, TMZ, Lilly Jay, Jay, Slater's, Lily Jay Slater, Page Six's Francesca Bacardi, Bacardi, Dalton, she's, Ethan, Slater Ethan Slater, CJ Rivera, Prince Herbert, She's, who's, Liz Gillies, Gillies, Liz Gillies após, @accessarianabr, James Earl Jones, Josh Gad, Andrew Rannells, Michael Urie, Rannells, Ariana, Bauer, Griffin, James, Joan Grande, Hale Grande, Doug Middlebrook, Grande's, Ed Butera, Butera, We're Organizations: Service, Broadway, Business, Variety, TMZ, Wimbledon, Getty, Nickelodeon, Disney, James Earl Jones Theater, DAMEBK, St, James Theatre, Theater District Locations: New York City, Grande, England, London, Oz, New York, Grande ., @spamalotbway, New York City Grande, Manhattan

☆ Every Ariana Grande album, ranked from worst to best
▼ + stars: | 2024-03-08 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +1 min

1 on this list because it's the culmination of everything Grande does best. Only an artist with tremendous talent, clout, and emotional strength could have produced and released an album like this. That she managed to siphon this music from the depths of personal tragedy makes the effect even more sublime. If I were forced to choose, "NASA" and "Make Up" are the weakest of the bunch, but that certainly doesn't mean they're bad. In fact, it's a testament to the strength of this album that its "worst" songs are just slightly less dazzling than the rest.

Persons: it's Organizations: NASA, Press

☆ China's Country Garden gets liquidation petition from creditor
▼ + stars: | 2024-02-28 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +2 min

China's Country Garden Holdings said Wednesday it received a liquidation petition filed by one of its creditors, deepening worries about the country's beleaguered property sector. Country Garden said it will oppose the petition "vigorously" and seek legal measures to do so. Country Garden said it intends to "proactively communicate" and work with its offshore creditors on its restructuring plan. China's property sector has historically been the bedrock of the country's economy, accounting for a large share of gross domestic product. Companies like Country Garden and Evergrande have struggled to repay their debt obligations and are now embroiled in drawn-out debt restructuring processes.

Persons: China Evergrande Organizations: Garden Holdings, Hong Kong, Monetary Fund, Companies Locations: Hong Kong, China

☆ The Evergrande collapse is not China's 'Lehman moment,' but it does complicate an economic recovery, think tank says
▼ + stars: | 2024-02-14 | by ( Aruni Soni | ) www.businessinsider.com time to read: +3 min

The Evergrande collapse is not China's 'Lehman moment,' but it does complicate an economic recovery, CFR expert said. "Unlike Lehman, Evergrande's insolvency is due to its excessive borrowing and aggressive use of leverage, not over-securitization." This has spurred on the question: is the Evergrande collapse China's "Lehman moment?" One famed hedge-fund boss said China's property crash was like the Great Financial Crisis from 2008 "on steroids." "Unlike Lehman, Evergrande's insolvency is due to its excessive borrowing and aggressive use of leverage, not over-securitization."

Persons: Lehman, —, Evergrande, Zoe Liu, Liu Organizations: Service, of Foreign Relations, Lehman Brothers Locations: Hong Kong

☆ This is the No. 1 mistake people make during divorce, says Ariana Grande's high-powered divorce lawyer
▼ + stars: | 2024-02-10 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +2 min

"The biggest mistake couples make is not owning what's going on," she says. But, it'll save you lots of money and time if you simply cut out the middle man, Wasser says. Couples will often use lawyers to hash out tedious requests, most of which don't require any legal expertise. The average price of an uncontested divorce is between $1,500 and $5,500, according to reporting by CNBC. "I'm not saying divorce lawyers are evil people," she says.

Persons: Wasser, Kim Kardashian, Britney Spears, Ariana Grande, I'm Organizations: CNBC

☆ What the collapse of a company owing $300 billion means for the world
▼ + stars: | 2024-02-03 | by ( Huileng Tan | ) www.businessinsider.com time to read: +8 min

AdvertisementImportantly, since the court order was made in Hong Kong, it's also unclear if mainland authorities will recognize and comply with the order. However, the company owes about $300 billion — a big shortfall, and there's a clear order of priority when it comes to repayments. How will the Evergrande collapse impact sentiment in China's economy and markets? Notably, the stock market sell-off came before Evergrande's liquidation order. Hong Kong's Hang Seng index ended up slightly higher the day the court order was made.

Persons: —, Kyle Rodda, Rodda, Alvarez, Marsal, Evergrande, it's, Baker McKenzie, Daniel Margulies, Margulies, Andrew Collier Organizations: Service, Business, Hong Kong Stock Exchange, Reuters, Deloitte, CSI, Orient Capital Research Locations: Hong Kong, China, Beijing, Asia

☆ China's flailing property market is finally showing signs of bottoming
▼ + stars: | 2024-02-01 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Land sales and home prices showed some improvement in China's property market, Reuters reported. Government land sales rose for the first time in two years, while prices saw their fastest rise since mid-2021. AdvertisementReal estate in China may finally be nearing the end of a yearslong slide, with home prices and land sales demonstrating fresh strength, Reuters reported. Average city prices rose 0.15% month-on-month in January, marking the fastest gain since mid-2021. Government land sale revenue that month also notched a 1.8% gain from a year prior, the first time sales rose in 23 months, the outlet said.

Persons: Fitch, —, overbuilding Organizations: Reuters, Service, Fitch Locations: China, Beijing

☆ China rolls out fresh property relief measures to stem the fallout from Evergrande's meltdown
▼ + stars: | 2024-01-31 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +3 min

Officials in China are boosting property sector relief measures to blunt the impact of Evergrande's collapse. The new measures are part of a wider series of economy-boosting initiatives, especially in the real estate sector, which constitutes one-quarter of the country's economy. The crisis in the property sector stems from huge debt and overbuilding in the last decade, which has resulted in a liquidity crisis for many property developers, including Evergrande. The company's troubles sent country's property sector into a tailspin starting in 2022 when it defaulted on some of its offshore bonds. China is moving mountains to hold the real estate sector's crisis from pouring into other sectors.

Persons: — Organizations: Service, Beijing, China's Ministry of Housing, China Mingsheng Banking Corp, China Securities Journal, Guangzhou, Reuters, Bloomberg Locations: China, Hong Kong, Nanning, Guangxi, Chongqing, Suzhou, Shanghai, restructurings

☆ Evergrande's liquidation crisis won’t be China’s ‘Lehman moment,’ China Beige Book COO says
▼ + stars: | 2024-01-31 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +4 min

China Evergrande Group's logo is displayed on a phone screen in this illustration photo taken on September 27, 2021. Jakub Porzycki | Nurphoto | Getty ImagesA liquidation order to property giant China Evergrande liquidation crisis this week deepened concerns about China's struggling real estate sector — but analysts say the spillover will likely be contained, with one saying it might actually be "good news." On Monday, a Hong Kong court issued a liquidation order to the embattled property developer after it failed to reach a restructuring deal with creditors. China Evergrande, once among the country's largest property developers, is the world's most indebted company — with more than $300 billion in liabilities. Still, questions remain on whether China will recognize the Hong Kong court order for Evergrande's liquidation — since most of the company's assets are in the mainland.

Persons: Jakub Porzycki, Shehzad Qazi, Lehman, Qazi, CNBC's, It's, China Evergrande, Evergrande, Linda Chan, Charlene Chu, we've, Chu Organizations: Nurphoto, CNBC, Lehman Brothers, Hong, Hong Kong Stock Exchange, China macrofinancial, Autonomous Research Locations: China, Hong Kong, Commerzbank

☆ Evergrande's liquidation crisis won’t be China’s ‘Lehman moment,’ China Beige Book CEO says
▼ + stars: | 2024-01-31 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +3 min

China Evergrande Group's logo is displayed on a phone screen in this illustration photo taken on September 27, 2021. Jakub Porzycki | Nurphoto | Getty ImagesA liquidation order to property giant China Evergrande liquidation crisis this week deepened concerns about China's struggling real estate sector — but analysts say the spillover will likely be contained, with one saying it might actually be "good news." On Monday, a Hong Kong court issued a liquidation order to the embattled property developer after it failed to reach a restructuring deal with creditors. In other words, no massive credit event," Qazi told CNBC. China Evergrande, once among the country's largest property developers, is the world's most indebted company — with more than $300 billion in liabilities.

Persons: Jakub Porzycki, Shehzad Qazi, Lehman, Qazi, CNBC's, It's, China Evergrande, Evergrande, Linda Chan, Charlene Chu Organizations: Nurphoto, CNBC, Lehman Brothers, Hong, Hong Kong Stock Exchange, China macrofinancial, Autonomous Research Locations: China, Hong Kong

☆ Beijing is unlikely to rescue Evergrande's offshore creditors because it could make things worse at home
▼ + stars: | 2024-01-30 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

Read previewOn Monday, Chinese real-estate giant Evergrande was ordered by a Hong Kong court to liquidate after two years in a debt crisis. The court has appointed Alvarez and Marsal as liquidator to manage the company, Evergrande said in a filing to the Hong Kong Stock Exchange. So, protecting Evergrande's offshore investors probably isn't in Beijing's favor, because it could spur further speculation in the market, Møller added. Offshore creditors are owed $25 billion, the Hong Kong court document showed, per CNN. This is because liquidators appointed by Hong Kong's courts are unlikely to have much power over Evergrande's mainland assets, Hong added.

Persons: —, Evergrande, Alvarez, Marsal, Emil Møller, Møller, there's, Xi Jinping's, Fern Wang, Wang, Hao Hong, liquidators, Hong, Siu Shawn Organizations: Service, Business, Hong Kong Stock Exchange, Steno Research, Lombard, KT Capital Group, CNN, Grow Investment, China Evergrande Group, Reuters, Century Business Herald, Hengda Real Locations: Hong Kong, Beijing, China, Denmark, Beijing's, homebuyers, Swiss, People's Republic of China, Hengda

The order by the Hong Kong High Court also is not a remedy for the crisis of confidence haunting China’s financial markets. Markets in both Hong Kong and Shanghai fell Tuesday while share prices of property developers sank. State-owned Chinese banks and other domestic entities own most of the debt owed by Chinese property developers. David Goodman, director of the University of Sydney’s China Studies Center, said he thinks China’s property debt burdens are unlikely to precipitate a major financial crisis. “The fact of the matter is that the Chinese financial system is not as open or as marketized (as in the United States),” he said.

Persons: Brock Silvers, haven't, Silver, ”, Seng, David Goodman, —, Soo Organizations: Evergrande, Hong Kong High, Kaiyuan, ”, Sunac China Holdings, F Properties, Shanghai, Swiss Re Institute, Swiss, University of Sydney’s China Studies Center Locations: BANGKOK, Hong Kong, China, Beijing, Shanghai, Guangzhou, United States, U.S, Singapore

☆ European markets head for positive open ahead of euro zone GDP data
▼ + stars: | 2024-01-30 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a higher open Tuesday with investors keeping an eye on preliminary fourth-quarter gross domestic product figures due to be released by the euro zone. Regional markets on Monday closed slightly higher as investors looked ahead to a slew of earnings, data and central bank announcements through the week. Asia-Pacific markets rose across the board overnight, except Hong Kong, which fell as investors continue to grapple with the fallout from Evergrande's liquidation order. S&P 500 futures are little changed Monday night as investors analyzed the latest corporate earnings with the Federal Reserve policy meeting on the horizon Wednesday.

Organizations: Federal Reserve Locations: Asia, Pacific, Hong Kong

☆ CNBC Daily Open: Fed rate cut timing in focus
▼ + stars: | 2024-01-30 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

A trader reacts as a screen displays the Fed rate announcement on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 13, 2023. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. [PRO] SK Hynix analysts' top callSouth Korea's SK Hynix, the world's second-largest memory chipmaker, is getting a lot of attention. Analysts are bullish on the stock and expect SK Hynix to drive the next generation of AI growth.

Persons: Dow, Elon Musk's Tesla, Erek Barron Organizations: New York Stock Exchange, CNBC, CSI, Big Tech, Nasdaq, China EV, DOJ, SEC, of Justice, Securities and Exchange Commission, SK Hynix, South Korea's SK Hynix Locations: New York City, U.S, Hong Kong, Asia, China, Maryland

☆ Asia markets poised to mostly rise; Hong Kong set to fall in the wake of Evergrande liquidation order
▼ + stars: | 2024-01-30 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Yuichi Yamazaki | Afp | Getty ImagesAsia-Pacific markets are set to rise on Tuesday, with the exception of Hong Kong, as investors continue to grapple with the fallout from Evergrande's liquidation order. A Hong Kong court ruled to liquidate the firm, which was once considered one of China's largest real estate firms. This comes as Japan's unemployment rate in December fell to 2.4%, lower than 2.5% in the month before and slightly below expectations. Economists polled by Reuters expected the unemployment rate to stay unchanged at 2.5%. In Australia, the S&P/ASX 200 started the day up 0.46%, on pace for a seventh straight day of gains.

Persons: Yuichi Yamazaki Organizations: Afp, Getty, Hong, Futures, Nikkei, Reuters Locations: Tokyo, Asia, Pacific, Hong Kong, Chicago, Osaka, Australia

☆ There may be little to recover in the $300 billion Evergrande debt saga
▼ + stars: | 2024-01-29 | by ( Huileng Tan | Nidhi Pandurangi | ) www.businessinsider.com time to read: +5 min

Read previewChina Evergrande — the world's most indebted property developer — received a liquidation order from a Hong Kong court on Monday, but there may be little left to recover, said experts. Hong Kong-listed China Evergrande Group's stock price plunged 21% before the court hearing. But several experts BI spoke to prior to Monday's court order said Evergrande's liquidation will be challenging. AdvertisementIt's bad news for creditors, Mat Ng, the managing director at Grant Thornton, a professional services firm that specializes in restructuring, told BI. Despite the complications that could come with Evergrande's liquidation, there may be some upside in the longer run.

Persons: —, Evergrande, Liquidators, Linda Chan, Chan, Siu Shawn, Mat Ng, Grant Thornton, Ng, That's, John Bringardner, Bringardner, Daniel Margulies, Margulies, Andrew Collier Organizations: Service, Business, Evergrande, Reuters, Trading, Securities Times, Deloitte, Investors, Orient Capital Research Locations: China, Hong Kong, Evergrande, Asia

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