Beijing-based developer China Oceanwide Holdings declared bankrupt in Bermuda

<p>China Oceanwide Holdings is a Beijing-based private developer with projects in Los Angeles, New York, San Francisco and Hawaii and more. </p><p>The company is to be wound up by a court in Bermuda.
Hong Kong-listed shares in the firm were suspended from Monday morning due to the court decision and "will remain suspended until further notice," according to the filing to the city's exchange.</p><ul><li>a winding-up petition was made against the company on Friday local time</li></ul><p>Also:</p><ul><li><a href="https://www.forexlive.com/news/chinese-stocks-skid-as-evergrandes-debt-restructuring-goes-off-the-rails-20230925/" target="_self">Chinese stocks skid as Evergrande's debt restructuring goes off the rails</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.