Before resuming trading on Jan. 4, China’s troubled real estate giant Evergrande Group issued a notice disclosing a letter of decision it received from Danzhou City, Hainan Province, five days earlier. The letter ordered the demolition of 39 high-rise buildings on Ocean Flower Island, the company’s star project, to rectify damages to the marine environment…
China’s Evergrande Ordered to Demolish 39 Buildings on World’s Largest Artificial Island
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