Hong Kong Bankruptcy Court Orders Chinese Property Giant Evergrande LIQUIDATED + MY COMMENT

China's 2nd largest Real Estate Developer, EVERGRANDE, has been ordered forcibly liquidated by a Hong Kong Bankruptcy Court. This will likely trigger a CRASH and affect Global Markets like COVID-19 - maybe worse.

Evergrande still owes nearly $340 billion to creditors.

What is going to follow will be worth a huge bucket of Popcorn!

STEP 1 - Immediate Actions

1: The court appoints an official liquidator who takes control of the company.
2: Trading on Evergrande (3333.HK) stocks will be suspended again.
3: Evergrande bank accounts will be immediately frozen.

STEP 2 - Liquidation Process

1: The official liquidator will be required to certify all assets and liabilities of Evergrande.