Today: 22. Nov, 2024
The financial turmoil surrounding China’s once-prominent property developer, Evergrande, has escalated as its shares plummeted to an all-time low following a Hong Kong court’s decision to adjourn a crucial winding-up hearing. This development is a new blow to the beleaguered firm, which…
Sino Ocean, a leading Chinese real estate firm has halted its offshore debt payments, escalating concerns in the already struggling property sector. Identifying itself among China’s premier 20 property developers, Sino Ocean declared last Friday through a stock exchange announcement that it…
Evergrande Group, China’s emblematic property giant and at the heart of the country’s real estate turmoil, has turned to US courts for bankruptcy protection. The move is aligned with Chapter 15 of the US bankruptcy law, aiming to safeguard its American assets…
