AssetID: 52972440
Headline: Chinese Property Giant Evergrande Files for Bankruptcy Protection
Caption: Evergrande filed for Chapter 15 bankruptcy protection in a Manhattan court on Aug. 17. The firm is reportedly seeking recognition of restructuring negotiations taking place "in Hong Kong, the Cayman Islands and the British Virgin Islands," NBC News reports. Evergrande revealed its offshore debt restructuring plan after defaulting in 2021.
Keywords: Evergrande,China,Chinese,Property,Investor,Bankruptcy,Protection,Files,Manhattan,Court,Firm,Recognition,Restructuring,Negotiations,Hong Kong,Cayman Islands,British Virgin Island,Offshore,Debt,Company,Rescue,Financially,Unstable,Business,Loses,Country Graden,Property Sector
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