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Sino-Ocean freezes payments on US$4 billion bonds, other offshore debt to pursue restructuring as China s housing slump persists

State-linked developer Sino-Ocean will stop servicing its offshore debt, including almost US$4 billion of bonds, to pursue a debt restructuring. This signals China’s housing market is far from reversing a three-year slump.

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Chinese developer Sino-Ocean suspends offshore debt payments

Chinese state-linked developer Sino-Ocean Group Holding Ltd. has suspended payment on all its offshore borrowings, citing tight liquidity, as the nation’s property debt crisis deepens. The country’s 25th-largest builder “is fully committed to formulating a viable holistic restructuring of its offshore debts,” Sino-Ocean said in a statement to the Hong…

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SAIC Maxus Dajia 7 starts pre-sales at Chengdu Auto Show

SAIC Maxus Dajia 7 starts pre-sales at Chengdu Auto Show
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China s Property Crisis Hits State-Owned Developers

China s Property Crisis Hits State-Owned Developers
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Kaohsiung residents evacuated due to torrential rain

Kaohsiung residents evacuated due to torrential rain
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