Zhongzhi Enterprise Group has substantial exposure to China's real estate sector.
Beijing’s court has accepted the application for bankruptcy liquidation from Zhongzhi Enterprise Group, a renowned wealth management firm in China. The company, which has substantial exposure to China’s real estate sector, justified its bankruptcy application due to its inability to clear its debts. The court accepted the application on Friday, noting that the company’s assets were insufficient to cover its debts.
January 05, 2024
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