Chinese developer gets extension to repay loan
Hong Kong
AGILE Property Holdings has obtained a critical 12-month extension to repay what remains of a US$475 million loan due in December, resolving one of the biggest short-term refinancing risks facing the struggling Chinese developer.
Banks including HSBC Holdings, Standard Chartered and Hang Seng Bank agreed to extend as much as US$265 million of the loan, the company said in a stock exchange filing late on Sunday. The rest of the loan will be repaid by the net proceeds of a U…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Delfi Orchard up for collective sale at S$438 million guide price
US existing home sales drop in March; median price increases
German home building permits tumble 18% in February, extending rout
China national who had Singaporeans front plan to buy East Coast houses pleads guilty
Freddie Mac seeks regulatory approval to back home-equity loans
China national fined S$45,000 for having Singaporeans front plan to buy East Coast houses