Kenya lack regulations to oversee asset financing
WATU Credit said it has contributed over Sh5 billion in taxes to the KRA since entering Kenya.
Source: the-star.co.ke
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China property giant Shimao faces winding-up case
In a rare move, state-owned China Construction Bank have taken legal action against a property developer.
Source: aol.com
China's Housing Market Slump Is Set To Deepen
A creditor has filed a petition in a Hong Kong court to liquidate Chinese property giant Country Garden, following non-payment of debt.
Source: newsweek.com
China's Country Garden Gets Winding-Up Petition in Hong Kong
(Bloomberg) -- Country Garden Holdings Co.’s debt crisis is entering a new chapter, after a creditor filed a winding-up court petition in Hong Kong that adds pressure on the Chinese developer to quicken its restructuring efforts. Most Read from BloombergApple to Wind Down Electric Car Effort After Decadelong OdysseyA Spike in Heart Disease Deaths Since Covid Is Puzzling ScientistsOffice Tower Deal for $1 Reveals Anxiety Among Longtime BuyersNigeria Delivers Jumbo Rate Hike to Aid Its Battered Na
Source: yahoo.com
Frustrated creditors demand the liquidation of Country Garden, once China's largest developer, weeks after courts order Evergrande's winding up
Country Garden Holdings Co.’s debt crisis is entering a new chapter, after a Hong Kong court received a creditor’s petition to liquidate the Chinese…
Source: biztoc.com