China Evergrande liquidators recover 1% of debt claims after 2-1/2 years – The Mighty 790 KFGO
3 hours ago · Google News - China
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The meager recovery rate underscores the devastating reality for creditors in China's property crisis. It serves as a grim reminder that corporate giants can vanish, leaving little but debt behind.
The meager recovery rate underscores the devastating reality for creditors in China's property crisis. It serves as a grim reminder that corporate giants can vanish, leaving little but debt behind.
Liquidators for China Evergrande have recovered only 1% of total debt claims after two and a half years, highlighting the massive scale of the developer's collapse and the limited prospects for creditors.
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