A substantial group of Evergrande’s offshore creditors is considering joining a liquidation court petition against the developer if it fails to submit a new debt restructuring plan by the end of October. The embattled Chinese property developer Evergrande witnessed a substantial surge in its shares as trading resumed in Hong Kong following a brief suspension last week. The company’s shares soared by more than 40% early on and maintained a 20% gain as trading progressed. The significant...
Read More »China’s Evergrande Group Files for Bankruptcy Protection in the US
CoinspeakerChina’s Evergrande Group Files for Bankruptcy Protection in the US Evergrande's affiliate Tianji Holdings and the company's subsidiary Scenery Journey have also filed for Chapter 15 protection in the US court. China’s Evergrande Group Files for Bankruptcy Protection in the US
Read More »