Chinese Developer ’s $1.8 Billion Distressed Asset Gets Zero Bids

A $1.8 billion project by defaulted Chinese developer Shimao Group Holdings Ltd. failed to find a buyer at a forced auction, underscoring the lack of investment appetite amid a weakening economy. • None China Restricts Export of Chipmaking Metals in Clash With US No buyers bid for a land portfolio…#jdcom #hongkong #chinavankeco #goldmansachsgroupinc #shimao #shenzhen #citictrustco #neediestamericans

Source: Reuters: Health - July 5, 2023 Category: Consumer Health News Source Type: news