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Fantasia Holdings: Cheering the restructuring agreement, shares of Fantasia jumped more than 11% on Tuesday morning, outperforming the 0.4% fall in the Hang Seng Mainland Properties Index.
Shanghai-based CIFI defaulted on payments tied to a convertible bond in October, 2022, and has been working with its creditors for repayment solutions since.
Embattled Chinese developer Country Garden is facing a winding-up petition in Hong Kong, months after the company started what is expected to be the second-largest restructuring effort among its peers, following that of China Evergrande Group, ...
Embattled Chinese property developer Country Garden has put its 450 million pound ($570 million) residential development in East London up for sale.
Judge says ‘enough is enough’ after developer, which has $300bn in debt, fails to provide convincing restructuring plan