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…
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…
