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Chinese State Bank Asks Court to Liquidate Developer Shimao

(Bloomberg) Defaulted Chinese developer Shimao Group Holdings Ltd. is facing a demand to liquidate from creditor China Construction Bank (Asia) Corp., one of the most prominent examples yet of a state-backed bank trying to claw back money from a distressed developer.Most Read from BloombergTrumpism Is Emptying ChurchesRBC Fires CFO Ahn After Probe Into Personal RelationshipThe Odds of $100 Oil Are Rising as Supply Shocks Convulse the MarketSaudis Scale Back Ambition for $1.5 Trillion Desert P ....

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China's Cleanup Efforts for LGFV Debt to Drag on Economy in 2024

China's Cleanup Efforts for LGFV Debt to Drag on Economy in 2024
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.

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South Korea's Latest Debt Wreck Faces a Reckoning With Creditors

South Korea's Latest Debt Wreck Faces a Reckoning With Creditors
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.

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China Evergrande liquidation hearing unexpectedly adjourned to January

HONG KONG: China Evergrande Group on Monday said it has been granted an adjournment of a court hearing into a liquidation petition to Jan. 29, giving the embattled property developer time to finalise a revamped debt restructuring proposal. ....

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China puts Country Garden on draft list of builders to support -Bloomberg News

:China has placed debt-laden Country Garden Holdings Co on a draft list of 50 developers eligible for a range of financing support, Bloomberg reported on Wednesday, citing people familiar with the matter. Other distressed developers, such as Sino-Ocean Group and CIFI Holdings also figure on the list, it added ....

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