BEIJING, August 17 (TiPost)— Heavily indebted Chinese real estate giant China Evergrande Group has filed for bankruptcy in the United States. Credit:Visual China Evergrande has sought Chapter 15 protection from its creditors in the U.S. Bankruptcy Court for the Southern District of New York on...
BEIJING, August 17 (TMTPost)— Heavily indebted Chinese real estate giant China Evergrande Group has filed for bankruptcy in the United States. Credit:Visual China Evergrande has sought Chapter 15 protection from its creditors in the U.S. Bankruptcy Court for the Southern District of New York on...
By August 2014, due to financial difficulties, the group filed for bankruptcy, resulting in huge losses for the clients. Tens of thousands of victims were left without their deposits or their homes. The open trial is expected to last four days....
BEIJING (AP) — One of China’s biggest real estate developers is struggling to avoid defaulting on billions of dollars of debt, prompting concern about a broader economic fallout and protests by buyers of unfinished apartments.
, foreign investors are moving quickly to liquidate stakes in Chinese property developers. The market is sinking, and investors are eager for a way out. Real estate developers, including some of the nation’s largest, are fighting to stay afloat. And so far, none have declared bankruptcy....
Moody's has downgraded one of China's largest housing developers' credit rating, as woes in the country's property sector show no sign of abating. China's real estate market is grappling with unprecedented challenges, with some developers on the verge of bankruptcy and lower property prices de...
A unit of a Chinese real estate developer RiseSun Real Estate Development Co Ltd on Monday filed papers in a Manhattan bankruptcy court seeking legal protection in the U.S. as it pursues a debt restructuring in the British Virgin Islands. ...
Real Estate Visa & Immigration Venture Capital and Private Equity Inbound and Outbound InvestmentLEHMAN, LEE & XU has extensive experience in planning and structuring cross-border investments, representing both Chinese firms seeking to invest abroad, and foreign firms seeking to invest in China. ...
Lawyers for the shareholders called the all-cash settlement, filed on Monday night, an “excellent result”, citing Luckin’s liquidation proceeding in the Cayman Islands and its related filing for protection under the US Bankruptcy Code.Read more>> ...
BEIJING (Reuters) - The Chinese city of Zhengzhou vowed to start building all stalled housing projects within 30 days, by making good use of special loans, asking developers to return misappropriated funds, and encouraging some real estate firms to file for bankruptcy, ...