Property Abroad

Chinese real estate giant Evergrande is filing for bankruptcy in a Manhattan court.

Chinese real estate giant Evergrande is filing for bankruptcy in a Manhattan court.

Chinese real estate giant Evergrande is filing for bankruptcy in a Manhattan court.

China's economic giant Zhishan Group, a major real estate borrower, filed for bankruptcy protection under Chapter 15 bankruptcy law in the United States on Thursday.

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In its bankruptcy filing with the Manhattan District Court, the company cited restructuring proceedings underway in Hong Kong, the Cayman Islands and the British Virgin Islands.

The company, the largest real estate debtor, defaulted in 2021 and announced an overseas debt restructuring program in March this year.

Please read the full article.

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