DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
spiralled - 2 Xie Yu - 2 Kevin Huang - 2 Li Gu - 2 Sumeet Chatterjee - 2 William Mallard - 2 Junan - 1 Zhou Hao - 1
Top related locs:
HONG KONG Beijing Hong Kong Shanghai China Caa1
Top related orgs:
HK - 2 Thomson - 2 China Evergrande - 1

Search resuls for: "Xie Yu Kevin Huang Li Gu"


2 mentions found


☆ Country Garden wins bond extension in relief for China's property sector
  + stars: | 2023-09-02 | by ( Xie Yu Kevin Huang Li Gu | Xie Yu | Kevin Huang | ) www.reuters.com   time to read: +5 min
An unprecedented liquidity crisis in China's vast property sector is a major risk to a sputtering post-COVID recovery in the world's second-biggest economy, which has rattled global markets. Country Garden debt payment extension buys time for China's largest private developer to avoid default, and is good news for financial markets and the Chinese government, which has announced a raft of measures to support the property sector. In Friday's vote, 56.08% of participating Country Garden onshore creditors approved the extension, 43.64% opposed and 0.28% abstained, an official document shared with bondholders showed. Country Garden did not immediately respond to a request for comment. A default by Country Garden would have exacerbated the real estate crisis and put more strain on its onshore lenders.
Persons: spiralled, Junan, Zhou Hao, Moody's, Xie Yu, Kevin Huang, Li Gu, Sumeet Chatterjee, William Mallard Organizations: Reuters, HK, China Evergrande, Thomson Locations: HONG KONG, Beijing, China, Caa1, Hong Kong, Shanghai
☆ Chinese developer Country Garden wins approval to extend onshore bond - sources
  + stars: | 2023-09-02 | by ( Xie Yu Kevin Huang Li Gu | Xie Yu | Kevin Huang | ) www.reuters.com   time to read: +2 min
HONG KONG/BEJING, Sept 2 (Reuters) - Country Garden (2007.HK) has won approval from its creditors to extend payments for an onshore private bond, two sources said on Saturday, in a major relief for the embattled Chinese property developer as well as the crisis-hit property sector. Country Garden was seeking approval from its creditors to extend the maturity for a 3.9 billion yuan ($540 million) onshore private bond in a vote that ended on Friday night. China's largest private property developer had proposed to repay the debt in instalments over three years instead of meeting its obligations by Saturday. Country Garden did not immediately respond to a request for comment. A default by Country Garden would have exacerbated the country's real estate crisis, put more strain on its onshore lenders and further delayed the prospect of a recovery of the property market.
Persons: spiralled, Xie Yu, Kevin Huang, Li Gu, Sumeet Chatterjee, William Mallard Organizations: HK, Reuters, Thomson Locations: HONG KONG, Beijing, Hong Kong, Shanghai
0 next >>
Total: 2