-
China's Evergrande files for bankruptcy protection with US court
video Struggling Chinese property conglomerate Evergrande Group filed for Chapter 15 bankruptcy protection with a New York federal court on Thursday. The major real estate developer was declared to be in default in 2021 after the Chinese government tightened restrictions on the property sector. In July, Evergrande reported an annual net loss of 14.8 billion dollars for 2022. It had posted a deficit of 65.3 billion dollars the previous year. If the US court approves the filing, the group's assets in the United States will be protected. The world's most heavily indebted property developer is expected to seek ways to ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Aug 17, 2023 10:29pm Aug 17, 2023 10:29pm
- Sovy
- Joined Jan 2023 | Status: Member | 141 Comments
Trading is gambling. So gamble responsibly.
- Comment #2
- Quote
- Aug 17, 2023 11:45pm Aug 17, 2023 11:45pm
- boy273
- | Joined Jul 2022 | Status: Junior Member | 2 Comments
- Comment #3
- Quote
- Aug 18, 2023 12:57am Aug 18, 2023 12:57am
- umbrella man
- | Joined Aug 2009 | Status: Member | 553 Comments