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Xinyuan Real Estate’s Hudson 888 reports $1.76 million March net loss
By Sarah Lizee
Olympia, Wash., April 16 – Hudson 888 Owner LLC, a U.S. subsidiary of China’s Xinyuan Real Estate Co., Ltd., reported a $1.76 million net loss for March on $2.17 million gross income/sales, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the Southern District of New York.
The cash balance at the end of the month was $2.16 million.
Xinyuan is a Beijing-based real estate developer and property manager with properties primarily in China. New York-based Hudson 888 filed bankruptcy on Jan. 7 under Chapter 11 case number 24-10021.
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