On June 11th, Dexin China faced court-ordered liquidation after its liquidation application was rejected in Hong Kong. On March 22nd of this year, Dexin China announced that China Construction Bank (Asia) had submitted a liquidation application against the company to the Hong Kong High Court regarding the unpaid principal amount of USD 350 million of its 9.95% senior notes due 2022 and accrued interest. On the morning of the 11th, trading in Dexin China was suspended in Hong Kong and fell by over 6% before the suspension.
德信中国收到香港法院清盘令
Dexin China has received a winding-up order from the Hong Kong court.
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