China property developer Shimao faces windup petition from state-owned bank
Chinese property developer Shimao Group said China Construction Bank (Asia) had filed a liquidation petition against it in Hong Kong.
Source: dealstreetasia.com
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China property developer Shimao faces liquidation petition from state-owned bank
Chinese developer Shimao Group said on Monday that China Construction Bank had filed a liquidation petition against it in Hong Kong over unpaid debts, a rare case of a state-owned bank taking such...
Source: marketscreener.com
China's developer Shimao shares at record low on liquidation suit
Shares of Chinese property giant Shimao Group dove to a record low Monday after the company said it faced a winding-up petition from one of the...
Source: dailysabah.com
Analysis - Country Garden faces heat from liquidation suit to get cracking on debt revamp talks
A liquidation petition filed against China's Country Garden will ramp up pressure on the embattled developer to come to the negotiating table for debt restructuring talks, some of its offshore creditors, advisers, and analysts said. The liquidation order against peer China Evergrande in January will also inject urgency into Country Garden to start formal discussions with creditors, they said. Country Garden said on Wednesday a liquidation petition had been filed against it in a Hong Kong court for non-payment of a $205 million loan by a creditor, Ever Credit Limited, a unit of Hong Kong...
Source: yahoo.com
China Property Crisis: Beijing Unlikely to Rescue Evergrande Creditors
Embattled Chinese real-estate giant Evergrande has been ordered by a Hong Kong to liquidate following two years of debt crisis.
Source: businessinsider.com