(Bloomberg) Two years after a crisis erupted at China’s property developers, leaving bills unpaid, homes unbuilt and creditors trying to recover the scraps from defaulted firms, a burning question remains: why are real estate tycoons still owning and running their companies?Most Read from BloombergElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonInstant Pot and Pyrex Maker Instant Brands Files BankruptcyUS Inflation Slows, Giving Room for Fed to Pause Rate HikesPutin’s Eco
Sunac China Holdings opened as much as 20% higher in Hong Kong after clearing a major hurdle in the restructuring of $9 billion worth of debt, reports Bloomberg. The company’s shares reached HK$1.88 as of noon break on Friday, up about 6% while narrowing its 59% plunge since resuming trading in mid-April. Its offshore bonds…
Stanford Law School’s president is now vowing to protect free
speech after a woke mob loudly protested when Trump-appointed
judge Kyle Duncan was invited to the school to speak at the
Stanford Law’s Federalist Society.