KWG Group said Shandong Sunlight Xin Tiandi Micro-finance filed a winding-up petition against the real estate developer in a Hong Kong court, citing 642m yuan in outstanding debt and 136.2m yuan in interest accrued, according to an exchange filing.
- High Court has set the first hearing date for Oct. 22
- NOTE:
KWG Unveils Latest Restructuring Proposal for Offshore Debts
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