From Yahoo Finance: 2025-04-16 11:51:00

Creditors of Chinese developer Xinyuan Real Estate have filed for bankruptcy protection in a New York court to recover $65.8m in unpaid bonds due in 2023. Xinyuan, like other Chinese developers, struggled financially, missing interest payments and defaulting on $170m in bonds. The company may liquidate US assets to repay debts.

Xinyuan’s subsidiary, Hudson 888 Owner, filed for bankruptcy in 2024 owing $100m to $500m. Creditors can request court supervision for companies failing to meet debt obligations under US bankruptcy law. Xinyuan has not responded to requests for comment. The bankruptcy case is in the US Bankruptcy Court for the Southern District of New York.

In a separate case, creditors of Guangzhou R&F Properties, another Chinese developer, sued for bankruptcy restructuring in July 2023. This follows a trend of Chinese property developers facing financial challenges. The creditors of Xinyuan Real Estate and Guangzhou R&F Properties seek legal action to address their financial woes.



Read more at Yahoo Finance: Creditors file petition for Chinese developer Xinyuan Real Estate’s bankruptcy