Dexin China Holdings, a medium-sized property developer based in Zhejiang province, on Tuesday became the latest Chinese developer to face liquidation after it received a winding-up order from Hong Kong’s High Court over its failure to repay the money it owed its creditors.

The Official Receiver has been appointed as the Provisional Liquidator while Mayer Brown and JunHe Law Offices were the representative firms, according to court records.