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Borgward car brand has filed for bankruptcy

The bankruptcy process of Borgward Automobile began in China - the owner of company is the Chinese automaker Foton Motor. The company's appeal has already been submitted to the court of Beijing. The idea to apply to the court on April 8 was supported by the company's shareholders. It is assumed that the ...

The owner of two skyscrapers in the United States files for bankruptcy

... buildings. In 2018, the firm acquired a $ 148 million stake. We should remind our readers that the Chinese holding company HNA Group has already tried to put both skyscrapers up for sale in 2018. Rising debt and political pressure from the company in China is forcing it to divest its assets in the United States. The day before, a court in the Celestial Empire approved a corporate restructuring of the holding, which allowed its creditors to continue selling assets. The South China Morning Post notes ...

Collapse of Chinese Evergrande Group threatens the world with economic disaster

The drop of securities of one of the most famous holdings of China may trigger the bankruptcy of China Evergrande Group. If this happens, the world markets may face a series of financial disasters. The holding, recognized in 2016 as the world's largest developer, can trigger a catastrophic development of events ...

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