Shimao Group shares briefly plunged more than 17% Friday after Reuters reported the property developer failed to make full repayment on a trust loan.
The company attributed the shortfall to a failure to sell assets.
Before the broader market started paying attention to Evergrande, the market in June only viewed 15% of developers as negative, the analysis found. "In the future, [I] wouldn't be surprised if there are more defaults beyond bonds, beyond loans, different types of products," Ng said.would be news of capital injection from a state-backed fund.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
5 Innovative Ways VR Technology is Reshaping the Real Estate Business | Hacker NoonVirtual Reality is already changing the way the real estate sector operates. 44 percent of clients seek properties on the internet first.
Read more »
2021 was a record-breaking year that changed San Francisco real estate, maybe foreverIt seems like real estate in the Bay Area will never look like its pre-pandemic self again.
Read more »
Hong Kong real estate giant leads $90M raise for crypto bank SygnumInstitutions continue to offer serious backing for the cryptocurrency industry. Sun Hung Kai, one of the largest property developers in Hong Kong, led a $90 million Series B round for Swiss crypto outfit sygnumofficial.
Read more »
Home close to downtown Montclair for $520K and more North Jersey real estate deals of the weekReal estate transactions for Bergen, Essex, Hudson, Morris, Passaic and Union counties for Jan. 5, 2022.
Read more »
‘Real Disregard of Our Safety’: Teachers Scramble as Schools Reopen'My kids are struggling, and we’re just told to pretend like everything’s back to normal,” said one New York City teacher.
Read more »
How to Build To-Do Lists With Real-Time Speech Recognition | Hacker Noon'How to Build To-Do Lists With Real-Time Speech Recognition' by miketechgame speechrecognition python
Read more »