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.
Low margins, losses dog Ringpai as it eyes Hong Kong IPO
The company hopes to become Hong Kong’s first publicly listed pet hospital chain, hoping investors will overlook its weak performance metrics Key Takeaways: Ringpai has filed to list in Hong…
