SHANGHAI/HONG KONG -- Property developer China Aoyuan Group has filed for Chapter 15 bankruptcy protection in a U.S. court, looking to ward off litigation as the company restructures its debts.
China debt crunch
Chinese developer Aoyuan files for U.S. bankruptcy protection
Troubled company follows in footsteps of Evergrande and Sunac
An office building owned by China Aoyuan Group is under construction in Hong Kong. © Reuters
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