China's largest private property developer Country Garden Holdings is seeking to add a 40-day grace period for the repayment of a 3.9 billion yuan ($535.3 million) private onshore bond due on Saturday, according to a document seen by Reuters. The cash-strapped company is also seeking creditors' approval to extend the repayment due Sept. 2 by three years, and it delayed the voting deadline for creditors to approve the new plan by a week to Aug. 31 to garner more support, documents seen by Reuters have shown. Country Garden did not immediately respond to a request for comment.
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Indebtedness to be Refinanced ; and the Notes; In order to extinguish the Indebtedness to be Refinanced, the Joint Obligors requested the Lenders to grant the Loan in favor of the.
The UAE government has reduced its overstay visa fine from Dh100 to Dh50 a day to encourage compliance with immigration laws. To facilitate a smoother visa process, expatriates and tourists are encouraged to visit the Federal Authority for Identity and Citizenship and General Directorate of Residency and Foreigners Affairs websites.