About a year ago, Chinese billionaire Sun Hongbin was certain that his luxury real estate company Sunac China would never "bomb".
Last week, his firm — China's third-largest developer — defaulted, missing the deadline for coupon payments on a $US742 million ($1.1 billion) offshore bond. https://www.abc.net.au/new...
Last week, his firm — China's third-largest developer — defaulted, missing the deadline for coupon payments on a $US742 million ($1.1 billion) offshore bond. https://www.abc.net.au/new...
Chinese developer Sunac defaults as Beijing struggles to save the trillion-dollar sector - ABC News
China's third-largest developer, Sunac, is the latest to default on some of its bonds, despite a "relatively healthy" financial situation and a chairman who has previously been willing to repay debts with his own money.
https://www.abc.net.au/news/2022-05-20/chinese-developer-sunac-defaults-on-dollar-bond/101077934
08:56 AM - May 20, 2022
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