Liquidators trying to recoup at least a fraction of creditors’ investments in defaulted Chinese builders are running into dead-ends. Creditors in three cases, including Sinic Holdings Group Co. and Yango Justice International Ltd., haven’t seen any significant distribution, they said, declining to be identified discussing private matters. “Liquidators who are seemingly powerful could end up powerless.” Some offshore bonds of …
Beijing, China: Another Chinese homebuilder has hit financial trouble after it missed payments on debt obligations, adding to worries over the country’s property sector as embattled giant China Evergrande teeters on the brink of collapse. The news comes as investors await news from Evergrande after it suspended trading of its shares Monday pending an announcement on a “major transaction”, with …
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