Tag: Debt restructuring

Hong Kong
March 28, 2024 BY Elizabeth Anderson

Bondholders Opposed to Shimao Group’s Restructuring of Offshore Debt

In a Chinese property landscape full of obstacles, this casts an ever-growing shadow over the property developer’s future. Based on a Reuters report, the offshore creditors’ financial advisor, Houlihan Lokey, said:  The ad hoc creditor group firmly opposes Shimao’s restructuring proposal, (and) will unequivocally vote against it and other scheme creditors ought to do the…

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China's Country Garden developments
January 31, 2024 BY Simon Mugo

China’s Country Garden Plans To Sell London Property Worth $570M

Knight Frank, a real estate agency, has been tasked by Risland UK, a subsidiary of Country Garden, to oversee the sale of the Calico Wharf development. This project, proposed to house 1,000 homes, is located in the Poplar area of London and is yet to commence construction. As China's leading private property developer, Country Garden…

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