Some Chinese city governments have made it harder for developers to access tens of billions of dollars from property sales held in escrow accounts, people familiar with the matter said, raising risks the cash-strapped companies will be squeezed even more. "That's like a Catch-22 dilemma," said Gary Ng, Asia Pacific senior economist at Natixis, adding that while local governments may want to ensure that all housing projects can be delivered, it is hard for developers to do it without access to liquidity. The curbs may mean private developers, who have been hit harder by the crisis in the sector, will have lower capital usage efficiency, and can imply a larger credit risk for some small developers, said Ng.
Calgary, Alberta (Newsfile Corp. - May 5, 2022) - EnerSpar Corp. (TSXV: ENER) (FSE: 5E0) ("EnerSpar" or the "Company") is pleased to announce that further to its press release of January 18, 2022, the