Evergrande Creditors Demand Controlling Stakes in New Proposal - Bloomberg: A group of offshore creditors to China Evergrande Group is demanding controlling equity stakes of the property developer as well as its two Hong Kong subsidiaries as part of discussions on the firm’s revamped restructuring proposal, according to people with knowledge of the matter.
Evergrande Negotiating 11th-Hour Restructuring Deal to Avoid Liquidation - WSJ: Chinese property giant Evergrande and its biggest foreign creditors are negotiating an 11th-hour deal to prevent a liquidation of the company’s offshore businesses on Monday, according to people familiar with the matter.
Celsius Details Plan to Focus on Bitcoin Mining Post Bankruptcy - WSJ: The scaled-down company will be managed by US Bitcoin.
Chilean Wind Farm Operator Files for Bankruptcy - WSJ: A Chilean wind farm operator backed by Latin American Power has filed for bankruptcy in the U.S. with a restructuring deal that would provide financial relief from a debt default due to increased competition and severe drought.
More Trouble for Greenland USA’s, FMB’s Bankruptcy: The week real estate distress includes Greenland USA possibly losing control of its $5 billion Pacific Park project in New York
