The petition centres on Shimao s failure to repay loans of HK$1.58 billion and contrasts with legal processes against rival firms such as China Evergrande Group and Country Garden for defaulting on their debts that were launched by overseas-based creditors.
Shares In Chinese Developer Country Garden Suspended In Hong Kong menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
HONG KONG Trading in debt-ridden Chinese property developer Country Garden was suspended in Hong Kong on Tuesday, days after it postponed the release of its 2023 results.The firm is among a number of China's largest developers battered by a crisis in the country's property sector and struggling under a mountain of debt, fuelling concerns about the stability of the world's
Founder Group Bondholders Ask China to Recognize Keepwell Ruling bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Trading in debt-ridden Chinese property developer Country Garden was suspended in Hong Kong on Tuesday (Apr 2), days after it postponed the release of its 2023 results. The firm is