MingTiandi
China’s real estate crisis isn’t confined to the mainland anymore, with top-five Hong Kong builder New World Development announcing late Friday that it will defer payments on four sets of bonds due this month.
The decision to forgo paying $77… Read More>>
The post Hong Kong’s New World Delays Bond Payments Amid Struggle with $27B in Liabilities appeared first on Mingtiandi…
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Hong Kong’s New World Delays Bond Payments Amid Struggle with $27B in Liabilities
Michael Cole
20:21
China’s real estate crisis isn’t confined to the mainland anymore, with top-five Hong Kong builder New World Development announcing late Friday that it will defer payments on four sets of bonds due this month. The decision to forgo paying $77… Read More>> The post Hong Kong’s New World Delays Bond Payments Amid Struggle with $27B in Liabilities
