Property News · December 22, 2023

Chinese property developer Powerlong signs restructuring term sheet with creditors in ‘significant progress’ for debt solution plan


Distressed Chinese developer Powerlong Real Estate Holdings unveiled preliminary terms of a restructuring agreement with certain creditors in a deal expected to give the Shanghai-based company a brief respite from the ongoing debt crisis.

Source : South China Morning Post
Read more…Chinese property developer Powerlong signs restructuring term sheet with creditors in ‘significant progress’ for debt solution plan