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China South City Holdings

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2024

    Dollar bond defaults and over HK$60 billion in liabilities lead to winding-up order from Hong Kong court

    China South City defaulted on multiple U.S. dollar bonds in 2024, and a rescue by a Shenzhen local state-owned "white knight" shareholder failed; with liabilities exceeding HK$60 billion, the company was ordered wound up by the Hong Kong High Court on 11 August 2025. As of August 2026 the liquidators were still negotiating debt restructuring, and trading in its shares remained suspended. Liquidation.

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