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16.09.25 - 12:06
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Hong Kong court names Evergrande′s liquidators as receivers of founder′s assets (SCMP)
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A Hong Kong judge on Tuesday appointed China Evergrande Group's liquidators as receivers of the assets of company founder Hui Ka Yan, following his failure to comply with a previous order requiring him to reveal all his worldwide assets valued at more than HK$50,000 (US$6,426).
“There is a total failure on the part of Hui to comply with the disclosure order,” wrote Justice Herbert Au-yeung Ho-wing in a judgment from the Court of First Instance. “There is therefore a breach of the court......
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16.09.25 - 04:30
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KAISA GROUP Once Rockets 37%; Debt Restructuring Has Taken Effect (AAStocks)
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KAISA GROUP (01638.HK) opened up 11.9% today (16th) at HKD0.179 and once surged by 37.5% in early trading to a peak of HKD0.22. It last printed at HKD0.203, up 26.9%, on a volume of 34.8367 million shares and a turnover of HKD7.0611 million.According to KAISA GROUP, all conditions of its offshore debt restructuring have been ful......
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15.09.25 - 15:24
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Texas now restricts Chinese nationals from buying property. Is it alien land laws all over again? (The Guardian)
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Senate Bill 17 prohibits many people and businesses from China, Iran, Russia and North Korea from buying most types of real estateShutong Hao came to the US because she needed a new heart. When she was five years old, her family travelled from China to Los Angeles for a life-saving transplant. They later built a life in the suburbs north of Dallas, but Hao was often made to feel as if she didn't belong.“I had multiple teachers who overlooked me, I think deliberately,” said Hao, now 29. “I really had to seek out and carve out spaces where I feel like I belong, because I never really got that as a kid.” Continue reading......
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15.09.25 - 07:12
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China′s property sector shows fragile signs of stabilisation amid ongoing challenges (SCMP)
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China's new home prices extended a weak trend in August – falling 0.3 per cent month-over-month in 70 major cities – but showed a marginal improvement from a year earlier as state-led policies stabilised a persistently weak sector.
New home prices have been sliding since April, 2022, on a year-on-year basis but the decline is showing signs of narrowing, according to data published by the National Bureau of Statistics on Monday.
Prices fell 3 per cent year-on-year in August, compared with a......
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