Asian investment

Developer Times China faces winding-up case from HSBC unit


SHANGHAI/HONG KONG — Hong Kong lender Hang Seng Bank has filed a petition with the territory’s High Court to force the liquidation of Times China Holdings, a property developer based on the mainland.

Times China disclosed the information Tuesday morning in a filing to the stock exchange of Hong Kong. The developer’s shares plunged 37% that day to close at 0.15 Hong Kong dollar.


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