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China Evergrande Group is seeking a U.S. court’s approval to restructure more than $19 billion in the company’s offshore debts, as the embattled property developer pushes forward on plans to complete one of the world’s largest and most complex debt restructurings.
China Evergrande, the world’s most indebted property developer, on Thursday filed for chapter 15 bankruptcy in New York, which would recognize and give effect to the offshore proceedings for three Evergrande companies based in Hong Kong, the British Virgin Islands,…
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