China Vanke yuan bondholders approve plan to defer overdue payments for one yearHONG KONG, Jan 21 (Reuters) - Bondholders of China Vanke <000002.SZ> approved a proposal for the embattled state-backed property developer to defer 60% of the principal buyback of a 1.1 billion yuan ($158.08 million) puttable bond CN149358SZ= by one year, a filing showed on Wednesday.
(Reporting by Reuters staff; Editing by Himani Sarkar)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments