China's Dexin Ordered Liquidation

13 Jun 2024 CW Team

The court's ruling highlights the broader financial strain within China's real estate industry, as many developers struggle to manage their debt obligations amidst a cooling market. Dexin, once considered a rising star in the industry, saw its fortunes dwindle as it became ensnared in the financial turmoil that has plagued the sector. The company's inability to secure refinancing or new investment further exacerbated its predicament, leading to the court's decisive action.

The liquidation process will involve the sale of Dexin's assets to repay creditors, a move that could potentially lead to significant losses for stakeholders. This development also raises concerns about the stability of other mid-sized developers in China, which may face similar challenges in the near future. The liquidation order is seen as a reflection of the government's firm stance on enforcing financial discipline within the sector, aiming to curb speculative practices and promote sustainable growth.

The implications of Dexin's liquidation are far-reaching, potentially affecting market sentiment and investor confidence. The real estate sector, a critical component of China's economy, is undergoing a period of adjustment as it transitions from rapid growth to more stable and regulated development. The government's recent policy shifts, including measures to support struggling developers and stimulate demand, are aimed at mitigating the impact of such liquidations and ensuring long-term stability.

In summary, the court-ordered liquidation of Dexin Real Estate is a stark reminder of the challenges facing China's real estate sector. As the industry navigates through financial turbulence, the focus on maintaining economic stability and implementing reforms remains crucial.

Hong Kong's High Court has ordered the liquidation of China's Dexin Real Estate, marking a significant development in the region's real estate sector. This decision comes amid Dexin's failure to repay outstanding debts, totaling billions of dollars, which has severely impacted its financial stability. The liquidation order underscores the ongoing challenges faced by Chinese property developers in a market grappling with declining sales, stringent regulatory measures, and tightening liquidity. The court's ruling highlights the broader financial strain within China's real estate industry, as many developers struggle to manage their debt obligations amidst a cooling market. Dexin, once considered a rising star in the industry, saw its fortunes dwindle as it became ensnared in the financial turmoil that has plagued the sector. The company's inability to secure refinancing or new investment further exacerbated its predicament, leading to the court's decisive action. The liquidation process will involve the sale of Dexin's assets to repay creditors, a move that could potentially lead to significant losses for stakeholders. This development also raises concerns about the stability of other mid-sized developers in China, which may face similar challenges in the near future. The liquidation order is seen as a reflection of the government's firm stance on enforcing financial discipline within the sector, aiming to curb speculative practices and promote sustainable growth. The implications of Dexin's liquidation are far-reaching, potentially affecting market sentiment and investor confidence. The real estate sector, a critical component of China's economy, is undergoing a period of adjustment as it transitions from rapid growth to more stable and regulated development. The government's recent policy shifts, including measures to support struggling developers and stimulate demand, are aimed at mitigating the impact of such liquidations and ensuring long-term stability. In summary, the court-ordered liquidation of Dexin Real Estate is a stark reminder of the challenges facing China's real estate sector. As the industry navigates through financial turbulence, the focus on maintaining economic stability and implementing reforms remains crucial.

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Real Estate

17 Dec 2025

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

Real Estate

17 Dec 2025

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..