Tue 04/26/2022 19:10 PM
Two secured creditors of one of Yuzhou Group's joint ventures have appointed Deloitte as a receiver of an onshore residential and commercial project worth more than $1 billion, according to a source with knowledge of the matter and Hong Kong Company Register filings seen by Reorg. The receiver appointment has added to the mounting pressure on the Chinese real estate developer, which recently
retained advisors to restructure its offshore debt.
Deloitte was appointed by secured lenders as a...
This article is an example of the content you may receive if you subscribe to a product of Reorg Research, Inc. or one of its affiliates (collectively, “Reorg”). The information contained herein should not be construed as legal, investment, accounting or other professional services advice on any subject. Reorg, its affiliates, officers, directors, partners and employees expressly disclaim all liability in respect to actions taken or not taken based on any or all the contents of this publication. Copyright © 2024 Reorg Research, Inc. All rights reserved.