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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.
Embattled mainland Chinese property developer Sunshine 100 is evaluating the impact of a winding-up order against its controlling shareholder, Joywise Holdings, according to a filing with the Hong Kong exchange.
China News: Creditors of Country Garden Holdings are concerned about the Chinese developer's ability to repay its debt without liquidity support. After narrowly a
HONG KONG—Chinese state-backed Greenland Holdings Corp. Ltd. was on Wednesday downgraded to "selective default" by rating agency S&P ...
BEIJING (AP) — A major Chinese real estate developer whose struggle to avoid defaulting...