Liabooks Home|PRISM News
PRISM

#China property crisis

Total 2 articles

Vanke Dodges Default With 30-Day Reprieve, But Long-Term Debt Fears Mount
EconomyEN
Vanke Dodges Default With 30-Day Reprieve, But Long-Term Debt Fears Mount

China Vanke avoids an immediate bond default after creditors approve a 30-trading-day grace period. The short-term fix provides breathing room but fails to secure a long-term solution, keeping investor fears over China's property sector on high alert.

Vanke Dumps GIC Venture Stake as Clock Ticks on Default Vote
EconomyEN
Vanke Dumps GIC Venture Stake as Clock Ticks on Default Vote

China Vanke sells its stake in a joint venture with GIC just hours before a crucial bondholder vote on debt extension. The move signals a desperate scramble for cash to avoid default amid China's ongoing property crisis.