China’s property debt crisis muddles on, as profits evade the pet economy
Domestic investors holding about $500 worth of Vanke bonds have agreed to extend their Dec. 28 maturity date by a month. Why are Vanke and its peers continually turning to this kind of delaying tactic rather than doing bankruptcy reorganizations? And pet hospital operator Ringpai has applied for a Hong Kong IPO.
BRIEF: GAC-Stellantis joint venture officially declared bankrupt
Guangzhou Automobile Group Co. Ltd. (2238.HK; 601238.SH) and Stellantis (STLA.US), the world’s fourth-largest automaker, on Tuesday said court overseeing the liquidation of their joint venture, GAC Fiat Chrysler Automobiles Co.…
E-House Foundation Shudders as It Scrambles to Finalize Debt Restructuring
The real estate services provider filed for Chapter 15 bankruptcy protection in New York after delaying a meeting with creditors to vote on a debt restructuring plan Key Takeaways: E-House…
FAST NEWS: Luckin Coffee Emerges From Bankruptcy
The latest: Starbucks challenger Luckin Coffee (LKNCY.US), which roiled markets in 2020 when it admitted to massive accounting fraud, announced on Monday it has officially emerged from a bankruptcy reorganization.…
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