Chinese real estate developer Zhenro Properties said on Friday it does not expect to be in a position to pay the $290 million principal amount on notes set to mature early next week citing tight.
Ping an Trust Delays Repayment, Citing China Property Market Woes usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
A subsidiary of China s
Ping An Insurance failed to repay a roughly $107
million trust product on time, citing the property market crisis
and adding that it is suing developer Zhenro Properties
with.
Ping An Trust, a
subsidiary of China s Ping An Insurance,
said it has failed to repay a trust product on time due to the
overall downturn in the property market. It delayed repayment of.