Ronshine China Holdings has not made interest payments. On its June 2023 and December 2023 notes, totalling $27.9 million. The developer said it hoped that creditors will give it a certain buffer time to resolve the funding issues. Chinese property designer Ronshine China Holdings Ltd (3301.HK) has not made revenue installments on its June 2023 … Read more
China Evergrande Group (3333. HK) said on Tuesday a winding-up petition was filed against it by investment holding firm Top Shine Global Ltd in Hong Kong. The petition accuses the property developer of not fulfilling a financial obligation of HK$862.5 million ($109.91 million). China Evergrande Group (3333. HK) said on Tuesday a wrapping-up request was … Read more
BEIJING: As Chinese real estate behemoth Evergrande reportedly prepares for a government-backed mega-restructure, here is an explainer on what Beijing’s bid to limit a contagion could mean for the wider economy: What happened to Evergrande? The Chinese government sparked a crisis in the property industry when it launched a drive last year to curb excessive debt … Read more
BEIJING: The recent default of property developer China Evergrande Group is an individual case and will pose little impact on the market, the country’s regulatory authorities said. Evergrande’s problem was mainly caused by its own mismanagement and break-neck expansion, an official with the People’s Bank of China told the press when asked to comment on … Read more
