Evergrande wins HK$6b debt-recovery case after court rejects ‘fabricated’ claims

INTELLIGENCE SUMMARY

A Hong Kong court has ruled in favour of embattled conglomerate Evergrande in a debt-recovery case, allowing it to recoup about HK$6 billion (US$764.7 million) from a third party after a judge found the borrower’s arguments against enforcement of the loan were “fabricated”. In a High Court judgment handed down on Friday and seen by the South China Morning Post, Judge Linda Chan dismissed an injunction application filed by Yingjia International Properties to restrain offshore entity State Hero...