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Country Garden plans to present debt revamp plan in second half, sources say

Country Garden
has told some of its offshore creditors it plans to present a
debt restructuring proposal in the second half of this year, two
sources said, as the embattled developer scrambles to...

Hong-kong , China , Chinese , Xie-yu , Clare-jim , Stephen-coates , Sumeet-chatterjee , China-evergrande-group , Reuters , Evergrande-group , Country-garden , Markets

Exclusive-Country Garden plans to present debt revamp plan in second half, sources say

Country Garden has told some of its offshore creditors it plans to present a debt restructuring proposal in the second half of this year, two sources said, as the embattled developer scrambles to stave off a liquidation petition. China's biggest private developer defaulted on its $11 billion worth of offshore bonds late last year and is facing a liquidation petition in Hong Kong for non-payment of a $205 million loan. China Evergrande Group was ordered to be liquidated in late January by a Hong Kong court after it failed to offer a concrete restructuring plan to creditors more than two years after defaulting on its offshore debt.

Hong-kong , China , Chinese , Sumeet-chatterjee , Clare-jim , Stephen-coates , Xie-yu , Reuters , China-evergrande-group , Evergrande-group , Country-garden , Ebt-restructuring

Exclusive-Country Garden Plans to Present Debt Revamp Plan in Second Half, Sources Say

Exclusive-Country Garden Plans to Present Debt Revamp Plan in Second Half, Sources Say
usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.

Hong-kong , Shanghai , China , Chinese , Sumeet-chatterjee , Xie-yu , Stephen-coates , Clare-jim , Reuters , China-evergrande-group , Country-garden , China-february

Exclusive-Country Garden plans to present debt revamp plan in second half, sources say

Exclusive-Country Garden plans to present debt revamp plan in second half, sources say
wsau.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wsau.com Daily Mail and Mail on Sunday newspapers.

Hong-kong , China , Chinese , Sumeet-chatterjee , Xie-yu , Stephen-coates , Clare-jim , China-evergrande-group , Reuters , Country-garden , Evergrande-group ,

ByteDance prefers TikTok shutdown in US if legal options fail, sources say

TikTok owner ByteDance
would prefer shutting down its loss-making app rather than sell
it if the Chinese company exhausts all legal options to fight
legislation to ban the platform from app stores in...

Beijing , China , United-states , Texas , Hong-kong , Americans , American , Chinese , Kane-wu , Bytedance-daus , Julie-zhu , Jane-merriman

Exclusive-ByteDance prefers TikTok shutdown in US if legal options fail, sources say

HONG KONG (Reuters) -TikTok owner ByteDance would prefer to shut down its loss-making app rather than sell it if the Chinese company exhausts all legal options to fight legislation to ban the platform from app stores in the U.S., four sources said. The algorithms TikTok relies on for its operations are deemed core to ByteDance's overall operations, which would make a sale of the app with algorithms highly unlikely, said the sources close to the parent. TikTok accounts for a small share of ByteDance's total revenues and daily active users, so the parent would rather have the app shut down in the U.S. in a worst case scenario than sell it to a potential American buyer, they said.

United-states , Hong-kong , Beijing , China , Texas , American , Americans , Chinese , Sumeet-chatterjee , Kane-wu , Jane-merriman , Sheila-dang

Exclusive-ByteDance Prefers TikTok Shutdown in US if Legal Options Fail, Sources Say

Exclusive-ByteDance Prefers TikTok Shutdown in US if Legal Options Fail, Sources Say
usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.

Texas , United-states , Jorhat , Assam , India , Beijing , China , Deori , Chhattisgarh , Hong-kong , American , Chinese

TikTok: ByteDance prefers to shutdown app in U.S. than sell

TikTok owner ByteDance would prefer to shut down its loss-making app rather than sell it if the Chinese company exhausts all legal options to fight legislation to ban the platform from app stores in the U.S., four sources said.

Beijing , China , Hong-kong , United-states , New-york , Texas , American , Americans , Chinese , Sumeet-chatterjee , Jan-harvey , Jane-merriman

Exclusive-ByteDance prefers TikTok shutdown in US if legal options fail, sources say

HONG KONG (Reuters) -TikTok owner ByteDance would prefer to shut down its loss-making app rather than sell it if the Chinese company exhausts all legal options to fight legislation to ban the platform from app stores in the U.S., four sources said. The algorithms TikTok relies on for its operations are deemed core to ByteDance's overall operations, which would make a sale of the app with algorithms highly unlikely, said the sources close to the parent. TikTok accounts for a small share of ByteDance's total revenues and daily active users, so the parent would rather have the app shut down in the U.S. in a worst case scenario than sell it to a potential American buyer, they said.

Beijing , China , New-york , United-states , Hong-kong , Texas , American , Chinese , Americans , Jan-harvey , Sheila-dang , Kane-wu

Exclusive-ByteDance prefers TikTok shutdown in US if legal options fail, sources say

By Kane Wu and Julie Zhu HONG KONG (Reuters) - TikTok owner ByteDance would prefer shutting down its loss-making app rather than sell it if the Chinese company exhausts all legal options to fight legislation to ban the platform from app stores in t...

United-states , Texas , Beijing , China , Hong-kong , Americans , American , Chinese , Julie-zhu , Sheila-dang , Kane-wu , Jane-merriman