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Top related persons:
Shuyan Wang - 2 Jing Bian - 2 Xie Yu - 2 Aly - 1 Ting Meng - 1 Sumeet Chatterjee - 1 Tom Hogue - 1 Muralikumar Anantharaman - 1
Top related locs:
Shanghai Hong Kong Beijing China Rights BEIJING HONG KONG HK SHANGHAI
Top related orgs:
Thomson - 2 Shanghai Country Garden - 1 REUTERS - 1 Rights - 1 Garden - 1 Country Garden - 1 ANZ - 1 HK - 1

Search resuls for: "Jing Bian"


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☆ Country Garden gets maturity extension approval for one more onshore bond - sources
  + stars: | 2023-09-13 | by ( ) www.reuters.com   time to read: +3 min
The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023. Shares in Country Garden, China's largest private property developer, jumped as much as 14% in Hong Kong on Wednesday. A Country Garden spokesperson did not immediately respond to Reuters' request for comment on the maturity extension of the bond. Before the latest voting to extend the maturities of eight onshore bonds, Country Garden managed to avoid default at the last minute twice earlier this month, bringing some relief to the battered property sector. Of those eight Country Garden bonds, maturity extensions for six have been approved, Reuters reported on Tuesday, citing sources.
Persons: Aly, Ting Meng, Shuyan Wang, Jing Bian, Xie Yu, Sumeet Chatterjee, Tom Hogue Organizations: Shanghai Country Garden, REUTERS, Rights, Reuters, Garden, Country Garden, ANZ, Thomson Locations: Shanghai, China, Rights BEIJING, HONG KONG, HK, Hong Kong, Beijing
☆ Country Garden secures bondholder reprieve, sources say; shares soar
  + stars: | 2023-09-12 | by ( ) www.reuters.com   time to read: +3 min
Country Garden did not immediately reply to a request for comment. The latest voting came after Country Garden on Sept. 1 gained approval from creditors to extend payments by three years for a 3.9 billion yuan ($533 million)onshore private bond. Country Garden, one of the few large Chinese developers that has not defaulted on debt obligations, has faced liquidity pressure with reduced available funds as sales plunged, its interim financial statements showed. It has 108.7 billion yuan ($14.9 billion) of debts due within 12 months, while its cash level are around 101.1 billion yuan as of end-June, according to the company's interim financial statement. Any default by Country Garden would exacerbate the country's spiralling real estate crisis, put more strain on its struggling banks and could delay the recovery of not only the property market, but the overall Chinese economy.
Persons: Shuyan Wang, Jing Bian, Xie Yu, Muralikumar Anantharaman, Jamie Freed Organizations: HK, Mainland Properties, Thomson Locations: SHANGHAI, BEIJING, Hong Kong, Beijing, Shanghai
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