Evergrande heads for liquidation in property crisis milestone

News Snapshot:

(Bloomberg) — China Evergrande Group received a liquidation order from a Hong Kong court, setting off a daunting process to carve up one of the casualties of a property crisis that’s upending the world’s second-largest economy. Most Read from Bloomberg The ruling on Monday from Hong Kong judge Linda Chan is the latest twist in a saga that saw Evergrande amass more than $300 billion of liabilities during China’s debt-fueled property boom, before turning into the poster child of a market bust that shows few signs of ending. Evergrande was valued at just $275 million on Monday before trading in...