On Wednesday, April 7, Reorg held a presentation on China Fortune Land Development’s state of play, trading in distressed debt through creative enforcement, alongside industry guest John Han, partner at Kobre & Kim in Hong Kong.
Since the default of China Fortune Land Development sent jitters across the China high-yield market, offshore investors have been monitoring the situation closely. This has helped pique interest in creative value unlocking of defaulters’ onshore assets that are otherwise off limits to offshore investors. In this presentation, Reorg Senior Credit Analyst James Shi presented the latest developments with CFLD, and John Han, partner at Kobre & Kim, spoke to potential litigation and recovery mechanisms by which activist investors may maximize their value realization.
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