Tag: kasia

Shimao Group Adds to China’s Property Sector Crisis
In recent months, China’s real estate sector has been reeling under a debt crisis as developers struggle to meet their financial obligations. With real estate firms like Evergrande and Kaisa already having defaulted earlier in...
Evergrande Fails to Make Overdue Coupon Payments for Bondholders
Chinese real-estate developer Evergrande failed to provide coupon payments to offshore bondholders after a 30-day grace period concluded on Tuesday, Dec. 7, according to several people with knowledge of the issue. With millions of dollars...