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Top related persons:
Yango - 1 Esther Liu - 1 Evergrande - 1 Clare Jim - 1 Barbara Lewis - 1
Top related locs:
HONG KONG Asia Shanghai Sichuan Hong Kong China Shenzhen
Top related orgs:
HK - 1 Sinic Holdings - 1 Shanghai Shimao - 1 Yango - 1 China Evergrande - 1 Shimao - 1 Hong - 1 Thomson - 1

Search resuls for: "Sinic Holdings"


2 mentions found


☆ China property liquidation risk heightened by delisting threat, says S&P
  + stars: | 2023-06-07 | by ( ) www.reuters.com   time to read: +2 min
HONG KONG, June 7 (Reuters) - Some of China's distressed property developers face the risk of being delisted, which would reduce their options for restructuring and make them more vulnerable to liquidation, S&P Global Ratings said on Wednesday. The Shanghai stock exchange delisted Sichuan Languang Development on Tuesday, the first such case for property A shares, and Sinic Holdings was delisted from Hong Kong in April. In mainland China, S&P said the 11 firms at risk of being delisted, including Shanghai Shimao (600823.SS) and Yango Group (000671.SZ), have offshore and onshore bonds outstanding collectively worth $21 billion. Shanghai Shimao and Yango did not immediately respond to request for comment. China Evergrande Group (3333.HK), the world's most indebted developer, and Shimao Group (0813.HK), both listed in Hong Kong, have been suspended from trading for 14 months.
Persons: Yango, Esther Liu, Evergrande, Clare Jim, Barbara Lewis Organizations: HK, Sinic Holdings, Shanghai Shimao, Yango, China Evergrande, Shimao, Hong, Thomson Locations: HONG KONG, Asia, Shanghai, Sichuan, Hong Kong, China, Shenzhen
☆ They Poured Their Savings Into Homes That Were Never Built
  + stars: | 2023-01-24 | by ( Isabelle Qian | Agnes Chang | ) www.nytimes.com   time to read: +13 min
We talked to four people who emptied their life savings and took out huge loans for homes that have not been completed. “It was a simple dream — to have a home, a family,” Mr. Tang said. Mr. Tang, who works in a restaurant, sold a small place he had out in the countryside. “When I think about the unfinished apartment, it’s as if I’m falling from heaven to hell, ” Mr. Tang said. Homeowners atop one of the unfinished apartment towers call for construction to fully resume.
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