Reported about 8 hours ago
One year after the liquidation of China Evergrande Group, creditors have yet to receive any returns. The fight for the company’s fragmented assets is escalating, particularly with Oaktree Capital Management vying for control of Evergrande's offshore holdings while battling court-appointed liquidators. Settling claims involving a developer that once faced $300 billion in liabilities presents significant challenges, and the lengthy liquidation process could extend beyond a decade, drawing attention from global investors eyeing similar distressed companies.
Source: YAHOO