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Chinese developers Poly, Longfor, CIFI report mixed results as forlorn property market awaits buyer-confidence rebound

Company leaders pledge to marshal resources carefully in 2024 as they strike a cautious tone about any potential recovery.

Chinese property developer CIFI to offload Australian assets at a loss in bid to inject cash as credit dries up

Defaulted property developer CIFI Holdings has for the third time in two months unveiled a loss-making asset disposal plan as it looks to fund operations and alleviate liquidity pressure.

Distressed Chinese developer CIFI offers up new proposal hoping to slash US$7 billion offshore debt by half

Embattled CIFI Holdings put forward a revamped proposal that offers creditors maturity extensions with different haircut levels or partial equitisation.

Chinese developer CIFI dumps assets to inject funds as liquidity evaporates in property downturn

Debt-stricken Chinese property developer CIFI Holding Group makes another loss-making asset sale, as the company grapples with a liquidity crunch and seeks to ‘survive and sustain under the crisis’.

Lemi National Cement to be launched in March 2024

Lemi National Cement expected to see inauguration in March 2024

Chinese-built cement factory in Ethiopia sees 70 percent completion

Chinese-built cement factory in Ethiopia sees 70 percent completion-Xinhua

Chinese-built cement factory in Ethiopia sees 70 percent completion

Chinese-built cement factory in Ethiopia sees 70 percent completion