CIFI restructuring advances as shareholders face massive dilution
The property developer said its restructuring plan, which will give it two years of relief from debt repayments, has gained support from nearly 80% of its creditors Key Takeaways: CIFI…
BRIEF: Zhenro Properties extends debt restructuring deadline
Zhenro Properties Group Ltd. (6158.HK) said on Thursday that the deadline in ongoing talks with its creditors for a restructuring support agreement has been extended from the end of October…
Country Garden deconstructed by slumping sales, heavy debt
The leading property developer failed to make a $22.5 million interest payment on two bonds last week, raising concerns about potential defaults Key Takeaways: Country Garden warned it expects to…
Is Fosun Set to Rise Again as China Reopens?
The debt-heavy conglomerate announced a fresh $1 billion in asset sales last week, as growing signs emerge that its looming debt crisis of 2022 may be recedingKey Takeaways:Fosun International announced…
Fosun International Sells Assets as Short-Term Cash Crunch Looms
Moody’s downgraded the Shanghai-based financial conglomerate last month, saying it could have difficulty repaying its ‘sizable debt’ maturing over the next 12 months Key Takeaways: Fosun has sold down its…
