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Top related persons:
Yang Huiyan - 2 Mo Bin - 2 Yang - 1 Aly - 1 Yeung Kwok Keung - 1 Yeung - 1 Clare Jim - 1 Simon Cameron - 1
Top related locs:
China Zhenjiang China's Jiangsu Shanghai HONG KONG Shunde Guangdong province
Top related orgs:
Garden Holdings - 1 Weibo - 1 Shanghai Country Garden - 1 REUTERS - 1 HK - 1 Thomson - 1

Search resuls for: "Mo Bin"


3 mentions found


☆ Country Garden expects China property market to remain weak in 2024
  + stars: | 2024-01-16 | by ( ) www.cnbc.com   time to read: +1 min
TOPSHOT - This aerial photo taken on October 31, 2021 shows buildings of China's developer Country Garden Holdings in Zhenjiang, in China's eastern Jiangsu province. China's largest developer Country Garden Holdings reported a record 96 percent on-year drop in its first-half earnings on August 30, 2022, in the latest grim illustration of the economic chaos coursing through the country's property sector. China's largest private property developer, Country Garden, expects the property market will remain weak in 2024 and the company could face more, "severe" challenges, its top management said. Country Garden, which defaulted on its $11 billion worth of offshore bonds in October and extended repayments on its onshore notes last year, is among a long list of developers facing a cash crunch since being hit by a debt crisis in mid-2021. "The challenges to be faced by the company this year may be more severe than we imagine; we have to respond calmly," Country Garden President Mo Bin said.
Persons: Yang Huiyan, Mo Bin, Yang Organizations: Garden Holdings, Weibo Locations: Zhenjiang, China's, Jiangsu
☆ Country Garden founding family provides $300 mln loan, selling jet - report
  + stars: | 2023-10-13 | by ( ) www.reuters.com   time to read: +1 min
The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023. REUTERS/Aly Song/File Photo Acquire Licensing RightsHONG KONG, Oct 13 (Reuters) - The founding family of Country Garden (2007.HK) recently loaned the embattled Chinese property developer $300 million interest free, and the family was also trying to sell its private jet, a Chinese online news outlet, The Paper, reported on Friday. Another online news outlet, Cailianshe, reported earlier that founder Yeung Kwok Keung had already sold a new jet and was trying to sell another. Country Garden declined to comment. Country Garden's 30-day grace periods to make the missed coupon payments will start expiring next week.
Persons: Aly, Yeung Kwok Keung, Yeung, Mo Bin, Yang Huiyan, Clare Jim, Simon Cameron, Moore Organizations: Shanghai Country Garden, REUTERS, HK, Thomson Locations: Shanghai, China, HONG KONG, Shunde, Guangdong province
☆ Why This Company’s Financial Crisis Threatens China’s Economy
  + stars: | 2023-08-15 | by ( Alexandra Stevenson | More About Alexandra Stevenson | ) www.nytimes.com   time to read: 1 min
Country Garden, a Chinese real estate giant, has lost billions of dollars and racked up $200 billion in unpaid bills. It’s on the hook to deliver, by one estimate, nearly one million apartments across hundreds of cities in China. In China’s housing market, there are plenty of deadbeat developers no longer paying their bills. The possible collapse of Country Garden is one to pay attention to. “One shall pick himself up from where he has fallen,” Mo Bin, Country Garden’s president, said last week, pledging to “spare no effort.”
Persons: ” Mo, ” Locations: China
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