The former tennis champion was found guilty by a London court on charges related to his 2017 insolvency.
Tag: Bankruptcies
China Evergrande Has Defaulted on Its Debt, Fitch Says
A ratings agency’s declaration confirmed what investors had already suspected, but they now must wait on a restructuring plan overseen by the firm hand of Beijing.
China Evergrande Makes Payment to Dodge Default, Media Says
The troubled real estate giant faced the threat of default if it didn’t meet its obligations to foreign bondholders by Saturday.
China Evergrande Bond Payment Remains Uncertain
A payment on the troubled Chinese company’s dollar-denominated bonds was due Thursday. Its shares fell on Friday after the company said nothing.
China Evergrande Warns of Financial Pressure, Hires Advisers
China Evergrande hired restructuring experts, sending its shares lower and adding to worries about what its fate might mean to the country’s economy.
In Hong Kong, Jimmy Lai’s Next Digital Says It Has Been Forced to Close
Next Digital, which has published criticism of China for decades, said a crackdown had left it with no way to operate. Its main newspaper, Apple Daily, closed in June.
The Failure of China’s Microchip Giant Tests Beijing’s Tech Ambitions
Tsinghua Unigroup, a would-be microchip champion, is facing bankruptcy, a setback in China’s quest for semiconductor self-reliance.
Greensill Capital: The Collapse of a Company Built on Debt
Greensill Capital promised a win-win for buyers and sellers, until it all fell apart, igniting concerns about opaque accounting practices.
Philippines Should Take Over Shipyard to Keep It From Chinese, Officials Say
President Rodrigo Duterte has pursued a China-friendly policy, but it is not clear what he thinks of proposals for the government to control the shipyard at Subic Bay.