E-House in rebuilding mode with latest plan to repay defaulted debt
The real estate services provider wants to raise money through a new share sale as part of a complex plan to restructure its defaulted bonds Key Takeaways: E-House is working…
Country Garden deconstructed by slumping sales, heavy debt
The leading property developer failed to make a $22.5 million interest payment on two bonds last week, raising concerns about potential defaults Key Takeaways: Country Garden warned it expects to…
CHINA BULLETIN: The Incredible Sinking Yuan
In this week’s issue the incredible shrinking yuan, payment companies welcome back foreign visitors, and local governments play debt hide-and-seek. On a scale of 1 to 100, we give the week a 45 for offshore-listed China stocks.
E-House Comes Unhinged in China’s Real Estate Crash, Joining List of Victims
Property services provider’s shares are nearly worthless after it became the latest from its sector to default on debt Key takeaways: • E-House defaulted on $298 million worth of bonds…