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China Evergrande: attempts to auction onshore affiliate Fengtao's assets fail for a third time in 3 weeks

No bids were received for Fengtao’s ‘other account receivables’ at the end of the 24-hour deadline on Friday morning, according to auction platform Jingdong Paimai. ....

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'Thin payout' for Evergrande's offshore creditors as legal drama plays out: S&P

The agreement – the Mainland-Hong Kong Cooperation Mechanism – was struck in May 2021 for mutual recognition and assistance in insolvency proceedings between… ....

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