12 Apr Indebted Chinese developer Zhenro asks to delay restructuring amid ‘strained’ conditions, Ping An unit’s lawsuit threat
Posted at 05:11h
in Asia
Defaulted Chinese developer Zhenro Properties Group is seeking to postpone a restructuring plan as its liquidity woes continue amid slumping sales, slow asset disposal and the threat of a lawsuit from Ping An Insurance Group over a property-linked trust.Zhenro plans to delay the implementation of...