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Creditors file petition for Chinese developer Xinyuan Real Estate’s bankruptcy
16 Apr 2025 16:23 GMT
Creditors of Chinese developer Xinyuan Real Estate have petitioned a New York, US, court to place the company into bankruptcy protection, in an effort to recover unpaid bonds that came due in 2023, reported Bloomberg. In an involuntary Chapter 11 petition …
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R&F Properties Outlines Looming Debt Crisis
30 Aug 2024 00:35 GMT
Guangzhou R&F Properties Co. Ltd. has 48.1 billion yuan ($6.6 billion) of debt due within a year with less than 10 billion yuan on hand as of the end of June, the southern China property developer disclosed.
Even though R&F extended some debt last …
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Chinese developer R&F Properties defaults on US$147 million bond interest payments
12 Aug 2024 05:19 GMT
Chinese developer R&F Properties missed interest payments on three offshore notes in another sign of escalating troubles for the country’s home builders amid a gruelling property market downturn.
The developer failed to pay interest on three dollar- …
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Unit of Chinese developer R&F Properties faces winding-up petition from Singapore fund
09 Jul 2024 11:24 GMT
Singapore-based Seatown Private Credit Master Fund has filed a winding-up petition against a unit of Guangzhou R&F Properties over unpaid principal and interest of about US$614 million, according to a filing by the embattled developer.
A hearing for …
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China’s Guangzhou R&F Properties Faces Liquidation Petition
09 Jul 2024 10:50 GMT
Guangzhou R&F Properties is the latest Chinese property developer facing a liquidation suit filed by creditors.
The cash-strapped R&F said on Tuesday its unit Trillion Glory had received a winding-up petition from a Singapore-based private equity …
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China's Guangzhou R&F Properties faces liquidation petition in Hong Kong
09 Jul 2024 08:01 GMT
(Reuters) -- Chinese property developer Guangzhou R&F Properties said on Tuesday its unit Trillion Glory had received a winding-up petition from a Singapore-based private equity fund due to non-repayment of a loan.
The petition was filed on Monday at a …
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Chinese developer Guangzhou R&F Properties faces liquidation petition in Hong Kong
09 Jul 2024 07:36 GMT
HONG KONG - Chinese property developer Guangzhou R&F Properties said on July 9 that its unit Trillion Glory had received a winding-up petition from a Singapore-based private equity fund due to non-repayment of a loan.
The petition was filed on July 8 …
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The global tremors from China’s real estate crisis are only starting
11 Feb 2024 02:22 GMT
Now, a new batch of overseas assets acquired in a decade-long Chinese expansion spree are starting to hit the market as landlords and developers decide they want cash now to shore up domestic operations and pay off debts – even if that means taking a …
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The Global Tremors From China’s Real Estate Crisis Are Only Just Starting
09 Feb 2024 06:50 GMT
(Bloomberg) -- Chinese investors and their creditors are putting up “For Sale” signs on real estate holdings across the globe as the need to raise cash amid a deepening property crisis at home trumps the risks of offloading into a falling market. The …
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Contrasting Guangzhou R&F Properties (OTCMKTS:GZUHY) and Harbor Custom Development (NASDAQ:HCDI)
09 Jan 2024 05:29 GMT
Harbor Custom Development (NASDAQ:HCDI – Get Free Report) and Guangzhou R&F Properties (OTCMKTS:GZUHY – Get Free Report) are both real estate companies, but which is the better investment? We will contrast the two businesses based on the strength of …