Citi and Nine Masts Group Sues China Aoyuan Group

Posted on 12/31/2021

China Aoyuan Group Limited or Aoyuan is one of the largest-scale property developer headquartered in Guangzhou, Guangdong, China. Hedge fund Nine Masts Capital and Citibank took legal action to recoup more than US$ 131 million owed to them by China Aoyuan Group, a cash-strapped mainland China developer. On December 23, 2021, Nine Masts and Citibank […]

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