China’s Evergrande Group — once the country’s second-largest property developer — filed for bankruptcy in New York on Thursday.
China’s Evergrande Group — once the country’s second-largest property developer — filed for bankruptcy in New York on Thursday.
Assuming Chinese bankruptcy is similar to US style in generalities, I wonder if this is just a restructuring that will convert debt to equity and otherwise continue similarly, or if the org is so deep in that they’re getting sold off for parts.