Page 6 - Debt Restructuring News Today

Country Garden, which defaulted on overseas debt last year, says it will "resolutely oppose" the case.

HONG KONG (Reuters) -Chinese developer Country Garden said on Wednesday a liquidation petition has been filed against it for non-payment of a $205 million loan, clouding its debt revamp prospects and undermining Beijing's effort to restore confidence in the property sector. Country Garden said in a regulatory filing it would "resolutely" oppose the petition, which was filed by a creditor, Ever Credit Limited, a unit of Hong Kong-listed Kingboard Holdings, opens new tab. The peti...

The firm, which defaulted on its overseas debt in October, says it will "resolutely oppose" the petition.

Global restructuring specialists Alvarez & Marsal and Houlihan Lokey have boosted headcount in Hong Kong as China's property crisis results in a surge in debt restructuring deals - making them a rare bright spot in hiring for the city's financial sector. China's property industry, a key pillar of the world's second-largest economy, has lurched from one crisis to another since 2021 after a regulatory crackdown on debt-fuelled construction triggered a liquidity squeeze. ...

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Carl Icahn Reports Stake in JetBlue The activist investor has a nearly 10% stake in the airline and may consider pushing for board representation. BlackBerry to Cut Additional Jobs in...

Carl Icahn Reports Stake in JetBlue The activist investor has a nearly 10% stake in the airline and may consider pushing for board representation. BlackBerry to Cut Additional Jobs in...