China’s Evergrande Group — once the country’s second-largest property developer — filed for bankruptcy in New York on Thursday.

  • @OldWoodFrame@lemm.ee
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    811 months ago

    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.