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Activity in China’s manufacturing and services sectors shrank in November, adding to expectations for additional government support for the economic recovery as it struggles to regain steam.
Chinese builder Powerlong Real Estate Holdings Ltd. has defaulted on a dollar bond as it struggles with sluggish sales and worsening liquidity.
For two hours on an early February morning, Sunac China Holdings Ltd. Chief Financial Officer Gao Xi delivered a tirade against bondholders — hitting the table as he told them the distressed developer had already made its best offer.
Mexican industrial real estate trust Fibra Next pulled its initial public offering, set to be the country’s largest since 2018, after a last minute snag over its tax status.
The initial public offering of a Mexican industrial property trust known as Fibra Next hit a last minute snag after the company said it has yet to receive a sign-off from local tax authorities.
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