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25.12.25 - 03:06
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China Vanke Faces Another Bond Test After Dodging Default (Bloomberg)
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China Vanke Co., which just days ago got a reprieve on a local bond, is back in a familiar situation, as investors in another note finish voting on the distressed developer's bid to delay payment amid its struggle with a mountain of debt due in coming months....
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24.12.25 - 10:06
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China Jinmao sells five-star Ritz-Carlton hotel in Hainan′s Sanya for US$322 million (SCMP)
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China Jinmao Holdings, the property development arm of state-backed Sinochem Holdings, has sold a tourism subsidiary that owns the five-star Ritz-Carlton hotel on Hainan Island for 2.26 billion yuan (US$322 million), as it pursues asset restructuring amid a prolonged downturn in mainland China's real estate market.
Shanghai Jinmao, the developer's wholly owned unit, reached an agreement with Sanya Luanmao on Tuesday to sell its 100 per cent stake in Sanya Tourism, which solely owned the......
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24.12.25 - 07:15
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NWD, Orient Securities Int'l Ink Strategic Co-op Deal (AAStocks)
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NEW WORLD DEV (00017.HK) forged a strategic cooperation agreement with Orient Securities International. Pursuant to the agreement, both parties will engage in deep cooperation in various areas such as customer resources, capital markets, wealth management, research fields, enhancing capital market visibility, and providing poten......
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23.12.25 - 12:01
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Vanke Avoids Default With Extended Bond Grace Period (Caixin)
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China Vanke Co. Ltd. (000002.SZ) narrowly avoided a default on a domestic bond after creditors agreed to extend a payment grace period on Monday, though they overwhelmingly rejected the developer's broader proposal to stretch the debt's maturity by a year.
... Read more...
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23.12.25 - 06:00
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CHINA VANKE Faces Default Risk on US$1.3B Debt (AAStocks)
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CHINA VANKE (02202.HK) is facing an increased risk of default on its US$1.3 billion bonds, according to Bloomberg. Although earlier, the grace period for CHINA VANKE's fourth tranche of 2022 medium-term notes with a principal amount of RMB2 billion was extended from 5 working days to 30 days, creditors refused to extend the ......
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23.12.25 - 02:30
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China Vanke wins bondholders′ reprieve, averts default for now (SCMP)
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China Vanke, once the mainland's biggest developer before it succumbed to an unprecedented property crisis, won last-minute support from creditors to extend a bond grace period in a reprieve that helps it avoid default, at least for now.
Holders of Vanke's 2 billion yuan (US$284 million) note voted in favour of a proposal to extend the grace period to January 28, according to a filing to Chinamoney.com on Monday. The company did not pay the security by its December 15 maturity, which left it in......
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