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NCLT okays Metalysts Forgings’ acquisition by Deccan value-led group

by Horatio Thompson
NCLT okays Metalysts Forgings’ acquisition by Deccan value-led group

After a delay of nearly seven years, lenders of Amtek Auto’s listed subsidiary Metalysts Forgings are likely to recover part of their dues, as the bankruptcy court has approved the …

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FTX says most customers will get all their money back less than 2 years after crypto fraud crisis

by Anas Siddiqui
FTX says most customers will get all their money back less than 2 years after crypto fraud crisis

FTX says that nearly all of its customers will get back the money they are owed — and some will get more than that — nearly two years after the cryptocurrency exchange imploded. FTX …

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Chinese tycoon Chen Hongtian faces demands on more than US$200 million of overdue property-related loans

by Anas Siddiqui
Chinese tycoon Chen Hongtian faces demands on more than US0 million of overdue property-related loans

Chinese tycoon Chen Hongtian faces demands on more than US$200 million of overdue property-related loans A Chinese tycoon who had snapped up mansions and offices in Hong Kong and London …

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Distressed Chinese developer Country Garden downplays hiring New York-based Kroll for liquidation analysis

by Anas Siddiqui
Distressed Chinese developer Country Garden downplays hiring New York-based Kroll for liquidation analysis

Embattled Chinese property developer Country Garden Holdings downplayed the possibility of a liquidation after it hired a financial advisory firm to assess the amount of money creditors could recover in …

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China property crisis: Aoyuan’s US$6 billion debt plan jolted by creditor dissent

by Anas Siddiqui
China property crisis: Aoyuan’s US billion debt plan jolted by creditor dissent

China Aoyuan Group is standing by for a pivotal Hong Kong court decision on its restructuring plan, a ruling that may accelerate the end of its tussles with creditors over …

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