Worse Than Evergrande! 2.6 Billion Clears 147 Billion Debt, Leaving Unfinished Buildings for Chinese
Worse Than Evergrande! 2.6 Billion Clears 147 Billion Debt, Leaving Unfinished Buildings for Chinese
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Recently, Jinke’s announcement that it had successfully cleared its debts has drawn widespread attention and become a bombshell in the real estate sector. In stark contrast, Evergrande—another major developer that plunged into a similar debt crisis—remains mired in public scrutiny, criminal investigations, and liquidation proceedings. However, Jinke, through a series of capital maneuvers and court-led restructuring, has managed to make what appears to be a dramatic comeback.
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