From MarketWatch, January 28, 9:41 p.m. ET:
Troubled Chinese property developer Evergrande faces liquidation after failing to reach a restructuring deal with its creditors, according to multiple reports Sunday night.
The Wall Street Journal reported that talks between Evergrande and its creditors began last week with the hope of reaching a deal that would let the company continue to operate, according to the Journal, which cited sources familiar with the matter.
But those talks failed, and a Hong Kong court on Monday ordered the company’s liquidation, in a stunning fall from grace, the New York Times and Bloomberg reported. Evergrande has more than $300 billion in liabilities....
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