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Top related persons:
Scott Murdoch - 3 Clare Jim - 3 Kim Coghill - 3 Aly - 2 Lincoln - 2 homebuyers - 1 Houlihan Lokey - 1 Sidley Austin - 1
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Thomson - 3 REUTERS - 2 HK - 2 China Evergrande - 2 Shanghai Country Garden - 1 Hong - 1 China International Capital Corporation - 1 Asia - 1

Search resuls for: "Scott Murdoch Clare Jim"


4 mentions found


☆ Country Garden says can't meet all offshore debt payments, setting stage for revamp
  + stars: | 2023-10-10 | by ( Scott Murdoch Clare Jim Xie Yu | Scott Murdoch | Clare Jim | ) www.reuters.com   time to read: +6 min
The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023. Country Garden, China's largest private property developer, has not defaulted so far, but has missed coupon payments on some dollar bonds since last month and faces the end of 30-day grace periods for making payments from next week. In a filing with the Hong Kong stock exchange on Tuesday, Country Garden said that its sales and financing were facing "significant challenges", and its available funds have continued to decrease. Country Garden was due on Monday to pay $66.8 million in coupons on 2024 and 2026 dollar bonds, although the payments have a 30-day grace period. ($1 = 7.8284 Hong Kong dollars)Reporting by Scott Murdoch in Sydney and Xie Yu in Hong Kong; additional reporting Rishav Chatterjee in Bengaluru and Clare Jim in Hong Kong; Editing by Rashmi Aich, Lincoln Feast, Jamie Freed and Kim CoghillOur Standards: The Thomson Reuters Trust Principles.
Persons: Aly, homebuyers, Houlihan Lokey, Sidley Austin, Jeff Zhang, Sandra Chow, CreditSight's, Scott Murdoch, Xie Yu, Rishav Chatterjee, Clare Jim, Rashmi Aich, Lincoln, Jamie Freed, Kim Coghill Organizations: Shanghai Country Garden, REUTERS, HK, Hong, China International Capital Corporation, Asia, China Evergrande, Investment, Thomson Locations: Shanghai, China, HONG KONG, Hong Kong, Beijing, Sydney, Bengaluru, Clare
☆ Evergrande offshore bondholders surprised by debt restructuring regulatory hurdles
  + stars: | 2023-10-09 | by ( Scott Murdoch Clare Jim | Scott Murdoch | Clare Jim | ) www.reuters.com   time to read: +1 min
The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly Song/File Photo Acquire Licensing RightsSYDNEY, Oct 9 (Reuters) - China Evergrande Group's (3333.HK) offshore bondholder group said on Monday it was surprised by the property developer's recent announcement that its offshore debt restructuring plan failed to meet regulatory requirements. In a statement, the ad hoc bondholder group said it had not been given any documents or filings from Evergrande despite repeated requests. Evergrande announced in late September that Chinese regulators said it would be unable to issue new debt due to an investigation into its main unit, throwing its offshore debt restructure plans into disarray. "Until then, the base case is that China Evergrande Group will be liquidated at the next winding up hearing on October 30, 2023."
Persons: Aly, Evergrande, Scott Murdoch, Clare Jim, Kim Coghill, Lincoln Organizations: China Evergrande Group, REUTERS, Rights, Reuters, China Evergrande, Thomson Locations: China, Shenzhen, Guangdong province, HK, Hong Kong, Sydney
☆ Country Garden shares drop after $300 mln share sale scrapped
  + stars: | 2023-08-01 | by ( Scott Murdoch Clare Jim | Scott Murdoch | Clare Jim | ) www.reuters.com   time to read: +2 min
HONG KONG, Aug 1 (Reuters) - Shares of debt-laden Chinese property giant Country Garden (2007.HK) fell on Tuesday after it scrapped a share placement to raise $300 million, citing "internal considerations" though bookrunners said the sale was fully covered. Shares and bonds in Country Garden have come under pressure recently due to liquidity concerns, and investors were worried about further contagion in a sector that has already seen many firms default. Country Garden did not immediately respond to a request for comment. At 0220 GMT, shares of Country Garden were down 3.8% to HK$1.52, narrowing losses from 10.8% in early trading. Country Garden had nearly $4.9 billion of bond payments to make over the next 6 months, JP Morgan analysts said in a report last week.
Persons: bookrunners, JP Morgan, Morgan, Clare Jim, Scott Murdoch, Summer, Jacqueline Wong, Kim Coghill, Simon Cameron, Moore Organizations: HK, Mainland Properties, Reuters, Thomson Locations: HONG KONG, HK, Hang
☆ Wanda raises $400 mln in dollar bonds in milestone for China property sector
  + stars: | 2023-01-13 | by ( Scott Murdoch Clare Jim | Scott Murdoch | Clare Jim | ) www.reuters.com   time to read: +2 min
The company is the property services arm of commercial property developer Dalian Wanda Group. A presentation by Wanda Commercial Management Group seen by Reuters said the book received 3.7 times over-subscription, with $500 million orders from long-only funds, including Blackrock, Fidelity, Pictet AM, Invesco and PAG. "This deal reopened the dormant China property and high-yield bond market, and received an active and positive reaction," it added. Dalian Wanda Group did not immediately respond to a request for comment while its commercial management arm could not be immediately reached. Unlike many other Chinese developers who focus on residential projects, Dalian Wanda Group relies on rental income and has an asset-light model.
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