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Published 12:42 IST, March 1st 2024

China property crisis: Deutsche Bank to slap liquidation suit against developer Shimao

Shimao Group, among the many Chinese developers with rising credit defaults, missed interest and principal payment for a $1 billion offshore bond in July 2022.

Reported by: Business Desk
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Deutsche Bank Shimao liquidation lawsuit
Deutsche Bank Shimao liquidation lawsuit | Image: Republic
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12:42 IST, March 1st 2024