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WeWork has struck an agreement with senior lenders, who have agreed to provide the business with roughly $450 million in Chapter 11 and exit financing in exchange for equity in the reorganized business.
Fantasia Holdings: Cheering the restructuring agreement, shares of Fantasia jumped more than 11% on Tuesday morning, outperforming the 0.4% fall in the Hang Seng Mainland Properties Index.
Murdock makes $13,000 teaching writing at Westminster University in Salt Lake City, where she lives with her husband, Scott.
The 30-year-old now pays 6,000 yuan of her 8,000 monthly salary on the mortgage for the 1.1 million yuan apartment and another 1,800 yuan to rent another one, relying on her parents for other basic expenses.
The company, based in southwestern Chongqing, is among many developers defaulting on debt since the sector slipped into crisis in mid-2021 but is the first to file its restructuring plan with a Chinese court.