HONG KONG: China SCE Group said on Wednesday a non-payment on a syndicated loan has triggered a default under its dollar bonds and it would explore a holistic solution to all its debt.
due to an ongoing investigation, complicating its restructuring plan that creditors were originally scheduled to vote on this month.China's largest private developer Country Garden "The group's liquid cash and bank deposits may not be sufficient to meet its current and future obligations," the developer said, citing declining sales and tightening liquidity since the second quarter.
Source: News Formal (newsformal.com)
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