Jabal Omar Development Company , one of Saudi Arabia's largest-listed property developers, said on Tuesday it had signed a deal to restructure a 4.7 billion-riyal ($1.25 billion) loan agreed in 2015, including by increasing it and extending the maturity.
Distressed developer China Evergrande will sell a half-stake in its property management unit to Hopson Development for more than $5 billion, Chinese media said on Monday, after both Evergrande and Hopson requested trading halts ahead of a major transaction.
Even before China Evergrande Group's debt crisis sent the country's property sector into a tailspin, Chinese property firms were struggling to earn enough to make interest payments on their debt, data showed.
Hong Kong's exposure to debt-laden developer China Evergrande Group is "very minimal" at 0.05%, or HK$14 billion ($1.79 billion), of banking assets, South China Morning Post reported on Sunday, citing the city's finance minister.
Malaysia's help is needed to resolve the global shortage of auto semiconductors, especially when it comes to packaging, a sector affected by the country's COVID-19 curbs, Taiwan Economy Minister Wang Mei-hua said.