Road King Infrastructure suspended US$22.6 million in interest payments and will defer distributions of US$56.5 million on perpetual securities, making…
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Singapore-based ASMPT, which makes semiconductor assembly and packaging equipment, will close its factory in Shenzhen and lay off 950 workers…
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The southern Chinese tech hub of Shenzhen plans to introduce a stricter supervisory mechanism for debtors who apply for personal…
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Distressed Chinese developer Cifi Holdings won backing from a majority of creditors for a US$7.9 billion offshore debt revamp, a…
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April marked a sharp shift in the global trade landscape. For employees at companies reliant on cross-border business, it also…
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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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A US federal judge set a March trial in Elon Musk’s challenge to Sam Altman’s plans to overhaul OpenAI’s business…
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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 Group has taken another big step to resolve its liquidity crisis after a Hong Kong court approved its US$6…
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A liquidation petition was filed against indebted developer Sunac China Holdings in Hong Kong amid its efforts to restructure its…
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