Evergrande's subsidiary has been ordered to be liquidated again. The judge stated that it is clearly insolvent
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Evergrande's subsidiary Tianji Holdings has been ordered to be liquidated by the Hong Kong High Court, becoming the second Evergrande affiliate to be liquidated. The company's debts amount to 37 billion yuan, and the judge pointed out that it is obviously insolvent. Tianji Holdings is registered in multiple regions, has over 200 subsidiaries, and has guaranteed some dollar notes. Evergrande has been severely affected by the real estate crisis in China, and the liquidators are dealing with related structural issues
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