Since the Chinese property sector plunged into a debt crisis in 2021, numerous developers, including major players like China Evergrande Group, have been hit...
-Embattled Chinese property developer Shimao Group said on Thursday a Hong Kong court had adjourned a winding up petition against the company to Dec. 16, allowing Shimao more time to work with creditors on a revised restructuring proposal.
The high court has postponed the liquidation petition against Shimao for the third time, following previous adjournments on July 31 and June 26 this year. In response to creditors' opposition to its initial restructuring plan presented in March, the company recently released an improved version of the proposal.
On Wednesday, the Oscar-winning actress's eldest child, Caleb Freundlich, announced that he had recently proposed to his girlfriend Kibriyaá Morgan. Alongside a series of snaps taken shortly after he popped the question, Caleb, 26, wrote on his Instagram, "It's pronounced FIANCÉ.". While in her own post, Kibriyaá added: "The big kids are getting married!!!! Ahhhhhh I could not love you more if I tried @cal_freundlich YOU AND ME.".
Winding Up Petition China Evergrande Group Property Developer Debt Restructuring China Construction Bank Creditors
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