Chinese developer

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China Vanke secures US$383 million lifeline from Shenzhen Metro Group to repay debt

Indebted mainland developer China Vanke has secured a funding guarantee from its main state-backed shareholder to repay loans, indicating further…

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New Business

Slew of indebted Chinese developers face reckoning in Hong Kong courts

There is no end in sight for the woes of indebted Chinese developers, which continue to face winding-up hearings and…

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New Business

Country Garden pledges to deliver homes on time amid debt restructuring, litigation

Country Garden Holdings pledged to deliver homes to buyers on time and maintain good communications with authorities and stakeholders, as…

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New Business

China Resources Land posts record decline in its interim profit amid housing market torpor

China Resources Land (CR Land) has reported its worst interim profit drop on record, as the torpor in the nation’s…

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New Business

Shimao gets second reprieve in liquidation, winning time until August 12 to work out its debt

Shimao Group Holdings has received the second reprieve in a month to restructure its debt, after a Hong Kong court…

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New Business

Bondholders ‘strongly oppose’ Chinese developer Sino-Ocean’s debt-revamp plan

Embattled Chinese developer Sino-Ocean Group faces the risk of liquidation amid challenges to secure enough consent votes on a restructuring…

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