Another big Chinese property developer faces a liquidation suit

Shanghai-based property giant Shimao Group said on Monday that it had received a liquidation petition from a Chinese state-owned bank in yet another instance of creditors taking legal action to reclaim money from troubled developers in the world’s second-largest economy. A “winding-up petition”…#shanghai #shimaogroup #hongkong #shimao #highcourt #countrygarden
Source: Reuters: Health - Category: Consumer Health News Source Type: news