Chinese home developer Powerlong indications restructuring offer with lenders in ‘significant progress’ for debt answer approach

Chinese home developer Powerlong indications restructuring offer with lenders in ‘significant progress’ for debt answer approach

Distressed Chinese developer Powerlong Genuine Estate Holdings unveiled the preliminary phrases of a restructuring settlement with an advert hoc team (AHG) of collectors late on Thursday, a deal which is anticipated to give the Shanghai-primarily based firm a transient respite from the ongoing financial debt crisis.

The builder mentioned it

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