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…
Is Fosun Set to Rise Again as China Reopens?
The debt-heavy conglomerate announced a fresh $1 billion in asset sales last week, as growing signs emerge that its looming debt crisis of 2022 may be recedingKey Takeaways:Fosun International announced…
Fosun International Sells Assets as Short-Term Cash Crunch Looms
Moody’s downgraded the Shanghai-based financial conglomerate last month, saying it could have difficulty repaying its ‘sizable debt’ maturing over the next 12 months Key Takeaways: Fosun has sold down its…
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