Defaulted property developer Sunac China said in its overseas debt restructuring plan that it may issue new US dollar bonds to replace existing ones, and creditors can also apply for debt-to-equity swaps.
Chinese property developer CIFI Holdings said that it had invited potential bidders for its stake in the property management subsidiary CIFI Ever Sunshine Service Group and had started preliminary discussions on the bidding process.
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China’s financial markets will come to a standstill for three minutes on Tuesday as the country commemorates former leader Jiang Zemin. Trading
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