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Indebted Chinese developer Zhenro asks to delay restructuring amid strained conditions, Ping An units lawsuit threat : comparemela.com
Indebted Chinese developer Zhenro asks to delay restructuring amid 'strained' conditions, Ping An unit's lawsuit threat
Shanghai-based developer, facing 61.86 billion yuan (US$8.5 billion) in debts, says it needs more time to consider restructuring plan amid slumping sales and slow asset disposal as the property market crisis grinds on.
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