China’s debt-laden Evergrande has sought bankruptcy protection in the US ...Middle East

Quartz - Economy
China’s debt-laden Evergrande has sought bankruptcy protection in the US
China Evergrande Group, the property giant whose collapse precipitated a real estate sector crisis in the country, has filed for bankruptcy in the US. The company sought protection under chapter 15 of the US bankruptcy code in a Manhattan court on Thursday (Aug. 17) as part of its massive debt restructuring plan.Read more...

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