Troubled Chinese property developer Country Garden faces liquidation petition

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petition
Troubled Chinese property developer Country Garden faces liquidation petition.
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(noun) an official document asking a court to take a particular course of action
đơn kiến nghị
wind-up
The winding-up petition was filed by Ever Credit Limited, which had lend Country Garden a term loan facility worth 1.6 billion Hong Kong dollars.
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(phrasal verb) to stop running a company, business and close it company
poster child
There are still questions about how the collapse of Evergrande, the poster child of China’s real estate crisis, will affect investors, thousands of workers and homebuyers waiting for their apartments.
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(noun) other problem whose picture appears on a poster advertising
court hearing
As for Country Garden, it said in the filing it would “vigorously” oppose the liquidation petition, which was filed at Hong Kong’s High Court on Tuesday. A court hearing has been set for May 17.
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(Noun) official meeting of crime in court
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