Real estate developer collapses under equivalent of US$566.6 million in debt, less than two weeks after China's first corporate bond default.
By Bloomberg News|March 17, 2014 at 11:13 AM
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A closely held Chinese real estate developer with 3.5 billion yuan (US$566.6 million) of debt has collapsed and its largest shareholder was detained, said government officials familiar with the matter.
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