China, German DMA officially seeks bankruptcy for Evergrande

German advisory group DMA has officially filed for bankruptcy proceedings for China’s Evergrande

German consultancy group DMA (Deutsche Marktscreening Agentur) has officially filed for bankruptcy proceedings for China’s Evergrande. The independent market services company, in a note sent to the press, highlights how the Chinese construction giant has let 30 days pass from the non-payment of two bond issues due at the end of September. “Dmsa itself has invested in these bonds and has not received any interest payments to date. Now we are preparing the bankruptcy action and we ask all bondholders to join”.

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