liquidation

New Business

Evergrande to exit Hong Kong’s stock market, in a milestone for China’s property crisis

China Evergrande Group on Tuesday said that its Hong Kong shares will be removed on August 25 following the stock…

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Why is Shenzhen adjusting China’s first pilot personal bankruptcy scheme?

The southern Chinese tech hub of Shenzhen plans to introduce a stricter supervisory mechanism for debtors who apply for personal…

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Sales of Chinese keepwell bonds to shrink after ‘epic, unproductive’ court fight, S&P says

Sales of keepwell bonds by mainland Chinese companies are likely to shrink further after a court decision in Hong Kong…

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Chinese developer Sunac reaches deal with key creditors on offshore debt revamp plan

Sunac China Holdings has reached an agreement with key creditors to restructure US$9.6 billion in offshore debt, marking another step…

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Country Garden’s 2024 loss narrows amid initial recovery signs in China’s property sector

Country Garden Holdings reported a narrower loss in 2024 as the defaulted property giant seeks to build creditor support for…

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Sino-Ocean wins Hong Kong court approval to proceed with US$6 billion debt workout

Sino-Ocean Group has taken another big step to resolve its liquidity crisis after a Hong Kong court approved its US$6…

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Slew of indebted Chinese developers face reckoning in Hong Kong courts

There is no end in sight for the woes of indebted Chinese developers, which continue to face winding-up hearings and…

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New Business

Indebted developer Sunac China faces liquidation threat in Hong Kong

A liquidation petition was filed against indebted developer Sunac China Holdings in Hong Kong amid its efforts to restructure its…

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Builder Jinke Property reveals details of court-supervised debt restructuring plan

Chinese developer Jinke Property Group has revealed details of its court-supervised onshore debt restructuring programme to some of its creditors,…

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New Business

Baidu-backed Chinese EV maker Jiyue to cut operations, payroll to survive brutal race

Jiyue, a premium electric vehicle (EV) maker backed by Chinese search-engine firm Baidu, will downsize its operations while pursuing fresh…

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