Agile Property in talks with banks to extend loan
Chinese developer's shares fall as much as 31% after trading resumes; will consider other funding options
Hong Kong
CHINESE developer Agile Property Holdings Ltd, battling an industry slowdown and media speculation about ties to China's former security chief, said that it was in talks with banks about extending what remains of a US$475 million loan due in December.
Shares in the company, which is valued at around US$2.1 billion, dropped by as much as 31 per cent, the most on record, to HK$3.30 on Monday as they re…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
New US home sales jump to highest level since September
Hong Kong developer weighs stake sale in London office skyscraper project
How Hudson Yards went from ghost town to office success story
S$16.5 million deal at The Ritz-Carlton Residences tops Q1 gainers; seller reaps S$4.9 million profit
Forrest Li’s wife buys Gallop Road bungalow next to the one he has redeveloped
Chinese restaurants spur Hong Kong’s retail property recovery