Judge Jonathan Harris will deliver his verdict on Thursday following a two-day trial over a creditor’s objection to the offshore plan offered by the defaulted developer.
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ANALYSIS: China s Property Developers to Face Repayment Pressure in 2024 theepochtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theepochtimes.com Daily Mail and Mail on Sunday newspapers.
Property developer China Aoyuan Group has filed for Chapter 15 bankruptcy protection in a US court, looking to ward off litigation as the company restructures its debts, reports Nikkei Asia. Aoyuan joins a growing list of Chinese real estate developers that have applied for bankruptcy protection in the US, including China Evergrande Group and Sunac China…