BRIEF: Sino-Ocean liquidation petition hearing adjourned to year-end
Property developer Sino-Ocean Group Holdings Ltd. (3377.HK) announced that Hong Kong’s High Court on Monday ordered a petition to liquidate the company, also known as a winding up petition, to…
BRIEF: Country Garden’s sales plunge 57%, auditor resigns
Country Garden Holdings (2007.HK) disclosed on Thursday that its monthly contracted sales for August declined 57% year-on-year to 3.43 billion yuan ($483 million), with a gross floor area of about…
BRIEF: Kaisa liquidation hearing adjourned to March
Real estate developer Kaisa Group Holdings Ltd (1638.HK) announced that it has successfully petitioned the High Court in Hong Kong to postpone a hearing on its potential liquidation originally scheduled…
FAST NEWS: China Wood posts large profit as trading resumes
The Latest: China Wood International Holding Co. Ltd. (1822.HK) announced on Thursday that it earned a profit of HK$1.2 billion ($153 million) last year, while its revenue rose 122% to HK$323 million. Looking…
PODCAST: Evergrande Ordered to Liquidate, and a Tale of Two Airline Types
By Doug Young & Rene Vanguestaine A Hong Kong judge has ordered embattled developer Evergrande to liquidate after it failed to reach a debt restructuring deal with its foreign creditors.…
Evergrande: Too big to fail, or beyond rescue?
A Hong Kong court was supposed to rule on the embattled developer’s debt restructuring on Dec. 4, but gave the company a respite by delaying the hearing Key Takeaways: Evergrande…
