SHANGHAI : Property developer China Evergrande Group plans to suspend interest payments due on loans to two banks on Sept. 21, financial intelligence provider REDD reported on Wednesday, citing four sources briefed by bankers.
Evergrande has delayed payments to several trust firms, REDD reported, adding that the company may suspend all payments to its wealth management products starting Sept. 8.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China urges banks to be flexible with loans for some home buyersBEIJING : China's banking watchdog said on Tuesday that banks ought to offer financial support for home buyers with so-called 'rigid' demand, referring to purchasing or renting from those recently married or seeking low-cost housing. Banks should implement differentiated mortgage polices and down-payment Probably more crashes to come. Everyone is exiting.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Fitch downgrades property developer China EvergrandeRatings agency Fitch said on Wednesday it has downgraded Chinese property developer China Evergrande Group and two of its subsidiaries, a day after a similar step by Moody's Investors Service.'The downgrade reflects our view that a default of some kind appears probable. We believe credit risk is high give
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Source: BusinessTimes - 🏆 15. / 51 Read more »
Fitch downgrades China Evergrande's ratings, sees 'probable' defaultFitch Ratings cut the ratings of China Evergrande Group and two of its subsidiaries on Wednesday, the latest in a series of downgrades targeting the indebted property firm.In a statement, Fitch said it had downgraded the long-term foreign-currency issuer default ratings of Evergrande and subsidiaries Heng
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Citi unveils help desk to help Chinese emerging companies expand in SingaporeCiti Commercial Bank Asia Pacific has set up a China desk in Singapore to help emerging corporates from China set up shop in new markets across Southeast Asia, particularly in the Lion City, according to the press release. singaporebusinessreview citi
Source: SBRMagazine - 🏆 13. / 51 Read more »
What is the Nipah virus that’s killing people in India amid Covid?The Nipah virus is usually caused by the consumption of food contaminated by animals, mostly bats.
Source: YahooSG - 🏆 3. / 71 Read more »