China Evergrande Group, the world’s most indebted developer, was ordered to demolish 39 buildings on Ocean Flower Island, a project comprising three man-made islands developed by the company in China’s southern Hainan province, within 10 days.
The order, issued by the Danzhou Municipal People’s Government on December 30, states that an illegally obtained permit for the buildings had been revoked and that the buildings now needed to be dismantled, according to media reports...
