Country Garden peeks out from the shadow of death
The debt-laden property developer’s latest annual results show it returned to the black in a big way with a profit of more than 3.2 billion yuan last year Key Takeaways:…
China’s property debt crisis muddles on, as profits evade the pet economy
Domestic investors holding about $500 worth of Vanke bonds have agreed to extend their Dec. 28 maturity date by a month. Why are Vanke and its peers continually turning to this kind of delaying tactic rather than doing bankruptcy reorganizations? And pet hospital operator Ringpai has applied for a Hong Kong IPO.
Its financial house back on stabler ground, CIFI Holdings isn’t out of the woods yet
The developer’s new offshore debt restructuring eases its most urgent default risk, but it must still restore its cash flow and repair its operations Key Takeaways: CIFI Holdings concluded an…
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…
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