Politics
SFC Moving Ahead With HK$1 Billion Evergrande Payout Plan
Key Points
SFC Moving Ahead With HK$1 Billion Evergrande Payout Plan Hong Kong’s market regulator is proceeding with its plan to compensate minority shareholders of collapsed developer China Evergrande Group, brushing aside a legal challenge by the company’s liquidators. The Securities and Futures Commission will proceed with detailed provisions of the HK$1 billion ($128 million) restitution process, according to a spokesperson.
SFC Moving Ahead With HK$1 Billion Evergrande Payout Plan
Hong Kong’s market regulator is proceeding with its plan to compensate minority shareholders of collapsed developer China Evergrande Group, brushing aside a legal challenge by the company’s liquidators.
The Securities and Futures Commission will proceed with detailed provisions of the HK$1 billion ($128 million) restitution process, according to a spokesperson.