Hedge funds file lawsuit against Chinese developer for debt repayment

Hedge funds file lawsuit against Chinese developer for debt repayment

A Chinese national flag flutters near the building of China Securities Regulatory Commission (CSRC) at the Financial Street area in Beijing, China July 16, 2020. REUTERS/Tingshu Wang/Files

Hedge fund BFAM Partners and a few other investors have filed a lawsuit in New York against Chinese property developer Glory Health, seeking $201 million in debt repayment, according to a court filing seen by Reuters.