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Hong Kong's Wang On Group disposes of notes in indebted developer China South City, warns of US$4.2 million annual loss

Published: February 9, 2024

The Hong Kong-based builder sold down its holding in junk-rated notes of China South City for about US$3.8 million, as its investment in troubled Chinese developers backfired.

Source: scmp.com

Related Topics:

Hong KongWang On GroupChina South City NotesHong Kong Listed China South CitySouth CityWangon Group