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…
BRIEF: Zhenro Properties sales tumble in September
Zhenro Properties Group Ltd (6158.HK) said on Thursday its September sales totaled 570 million yuan ($810 million), down 48% from the same month a year earlier. Despite the sharp year-on-year…
PODCAST: Ping An Trust Misses a Payment, and SAIC Sells Down Its India Venture
Ping An Trust has missed a $100 million payment on a wealth management product tied to Zhenro, a property developer. Does this show the woes afflicting China's trust industry are creeping up the food chain to top-tier names like Ping An? And leading automaker SAIC has sold 51% of its India venture to local partners for $624 million. Is this purely a commercial move, or is it also motivated by concerns about recent China-India tensions?