16 Apr Times China faces winding-up petition filed by Hang Seng Bank in a Hong Kong court
Posted at 06:19h
in Asia
Hong Kong’s Hang Seng Bank has filed a winding-up petition against debt-laden developer Times China Holdings for financial obligations amounting US$266 million, sending share prices of the defaulted company plummeting.The winding-up petition was filed by Hang Seng Bank, HSBC’s subsidiary, in Hong Kong’s High Court....