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
Further significant Chinese developer has fallen behind on its obligations. Shimao Group failed to pay the interest and principal on a $1 billion bond that was due on Sunday. The company has failed to make principle payments on other offshore debt. Further significant Chinese developer has fallen behind on its obligations, throwing another damage to … Read more
BEIJING: Shares in debt-laden Chinese property giant Evergrande rallied on Monday after a state firm official was appointed to its board, paving the way for a government rescue plan. Evergrande, which has been teetering on the brink for months owing to its struggles in servicing a debt pile of more than $300 billion, ended up … Read more
HONG KONG: Chinese real estate firm Shimao Group’s share price plunged to its lowest level in a decade on Tuesday, adding to the concerns over the country’s heavily indebted property sector. The Chinese property firms have struggled in the wake of Beijing’s drive last year to curb excessive debt in the real estate sector, as well … Read more
