Shenzhen Metro Group

New Business

China Vanke unveils fresh proposal to extend US$366 million bond after 3 failed bids

Distressed mainland developer China Vanke has unveiled a revised bond extension proposal, seeking approval from creditors after its initial three…

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New Business

Vanke’s bondholders reject extension plan on 2 billion yuan of bonds, raising default risk

China Vanke failed to secure bondholder approval to extend by one year a bond payment due on Monday, a filing…

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New Business

China Vanke hit with fresh S&P downgrade amid mounting default concerns

Global ratings agency S&P has downgraded China Vanke, as the troubled developer grapples with mounting debt and fragile cash flow,…

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New Business

Some Hong Kong banks refuse mortgages for China Vanke’s Le Mont project in Tai Po

Standard Chartered, one of the city’s three currency-issuing banks, and Chong Hing Bank were not accepting mortgage requests from potential…

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New Business

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

Vanke’s No. 1 investor installs chairman in ailing developer to guide its way out of debt

Embattled builder China Vanke, once the second-largest Chinese developer by sales, reshuffled its management while forecasting a record US$6.2 billion…

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New Business

Embattled Chinese developer Vanke suffers Fitch Ratings bond downgrade

Fitch Ratings downgraded some of developer China Vanke’s bonds deeper into junk territory, adding to the list of challenges that…

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