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China’s property giant Evergrande files for bankruptcy protection in Manhattan court

Por: NBC News Business August 18, 2023

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China’s heavily indebted property developer Evergrande on Thursday filed for Chapter 15 bankruptcy protection in a U.S. court. In a filing to the Manhattan bankruptcy court, the firm sought recognition of restructuring talks underway in Hong Kong, the Cayman Islands and the British Virgin Islands. CNBC has reached out to Evergrande for comment but did not hear back. The world’s most indebted property developer defaulted in 2021 and... + full article



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