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16-08-2023, 07:10 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
Sino-Ocean Defaults on Bond Interest Payment, Braces for Up to USD2.7 Billion in First-Half Losses
https://img.yicaiglobal.com/src/image/2023/08/30880166425285.jpeg
(Yicai) Aug. 16 -- Sino-Ocean Group has become the latest Chinese developer to default on bond interest payments, after Country Garden did so last week, and is anticipating running up losses of as much as CNY20 billion (USD2.7 billion) in the first half as a lackluster real estate market hammers sales.
Sino-Ocean was...
Read more (https://www.sammyboy.com/threads/tiong-state-owned-developer-sino-ocean-defaults-on-debt.346644/)
Click here to view the whole thread at www.sammyboy.com (https://www.sammyboy.com/threads/tiong-state-owned-developer-sino-ocean-defaults-on-debt.346644/).
Sino-Ocean Defaults on Bond Interest Payment, Braces for Up to USD2.7 Billion in First-Half Losses
https://img.yicaiglobal.com/src/image/2023/08/30880166425285.jpeg
(Yicai) Aug. 16 -- Sino-Ocean Group has become the latest Chinese developer to default on bond interest payments, after Country Garden did so last week, and is anticipating running up losses of as much as CNY20 billion (USD2.7 billion) in the first half as a lackluster real estate market hammers sales.
Sino-Ocean was...
Read more (https://www.sammyboy.com/threads/tiong-state-owned-developer-sino-ocean-defaults-on-debt.346644/)
Click here to view the whole thread at www.sammyboy.com (https://www.sammyboy.com/threads/tiong-state-owned-developer-sino-ocean-defaults-on-debt.346644/).