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Top related persons:
JPMorgan Chase - 2 Chen - 2 Iris Chen - 2 Yang Huiyan - 2 Karl Chan - 1 Nicholas Chen - 1 CreditInsights - 1 CICC - 1
Top related locs:
Wall Silicon Hong Kong Beijing China . Hong Kong
Top related orgs:
JPMorgan - 2 Service - 2 Nomura - 2 Bloomberg - 2 Hong - 2 Garden - 1 China International Capital Corporation - 1 Garden Holdings - 1

Search resuls for: "Iris Chen"


2 mentions found


☆ Country Garden, one of China's real-estate behemoths, could look at restructuring its debt after missing key interest payments this week: JPMorgan
  + stars: | 2023-08-11 | by ( Huileng Tan | ) www.businessinsider.com   time to read: +4 min
The warning is a "prelude to an ultimate credit event," paving the way for debt restructuring, per JPMorgan. Country Garden racked up 1.4 trillion Chinese yuan, or almost $200 billion, in liabilities at the end of 2022. It also faces 7.8 billion Chinese yuan, or $1.1 billion, in payments for notes and bonds in September. Another analyst feels Country Garden could restructure if it's unable to raise cash in time. Country Garden and CICC did not immediately respond to requests from Insider for comment.
Persons: JPMorgan Chase, Karl Chan, Nicholas Chen, CreditInsights, Chen, Iris Chen, Yang Huiyan, CICC Organizations: JPMorgan, Service, Garden, China International Capital Corporation, Reuters, Nomura, Bloomberg, Hong Locations: Wall, Silicon, China, Hong Kong, Beijing
☆ Country Garden is set to pay its chairperson $28 million in dividends. Bondholders are now eyeing her huge $5.3 billion fortune to help the struggling property developer.
  + stars: | 2023-08-11 | by ( Huileng Tan | ) www.businessinsider.com   time to read: +4 min
Country Garden, a massive Chinese property developer, missed interest payments on two dollar bonds this week. On Friday, Yang could receive $28 million in dividends from her personal stake in Country Garden's services unit, according to Bloomberg calculations. Most of her wealth comes from a 52.60% stake in Country Garden Holdings, Insider previously reported. Country Garden did not respond to a request for comment from Insider. Hong Kong-listed Country Garden Holdings shares are down 6% to 98 Hong Kong cents apiece at last check.
Persons: Yang Huiyan, Yeung Kwok, Yang Guoqiang —, Yang, Hui Ka Yan, JPMorgan Chase, Iris Chen, Chen Organizations: Bloomberg, Service, Garden Holdings, Hong, JPMorgan, Nomura, . Locations: Wall, Silicon, Beijing, Hong Kong, . Hong Kong
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