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.
China debt crunch
Developer Times China faces winding-up case from HSBC unit
Shares plunge 37% after Hang Seng Bank files petition in Hong Kong
Embattled Chinese developers are facing a slew of petitions from creditors. © Reuters
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