Chinese Developer News Today

The largest Chinese private developer, which has defaulted on its $11 billion offshore bonds and is working on an offshore debt restructuring plan, had in September extended the maturities of eight onshore bonds worth 10.8 billion yuan.

The embattled property developer posted a 46.4 per cent slump in net profit for 2023, alarming investors just weeks after markets were roiled by rumours of liquidity problems at the firm.

The Shanghai-based firm is seeking approval from offshore creditors for a restructuring plan, according to a filing made to the Hong Kong stock exchange late on Monday, as part of its latest efforts to avoid liquidation.

Los Angeles police surrounded a vacant downtown LA condo project after reports of trespassers on the property covered with graffiti.

Downtown Los Angeles high-rise buildings covered in graffiti now have fencing placed around them to deter taggers.

Kevin De Leon and the LAPD toured inside the failed Oceanwide Plaza development in downtown LA to determine the costs to secure the site and discourage any more...

Kevin De Leon and the LAPD toured inside the failed Oceanwide Plaza development in downtown LA to determine the costs to secure the site and discourage any more...

Distressed Chinese home builder Logan Group has vowed to trim its debtload as the firm moves a step closer to reorganising US$8 billion of bonds and shareholder loan.

BEIJING, Aug 31 — Embattled Chinese developer Country Garden reported a 48.9 billion yuan (RM31.15 billion) loss for the first half of the year in a stock exchange filing...

Country Garden has pushed the deadline for bondholders to vote on extending payment on a 3.9 billion yuan (US$535 million) note to August 31, according to sources.