Senior notes issued by the firm matured on 3 July 2022.
- principal amount & accrued and unpaid interest became due and payable
The Company has not made payment (as at the date of this announcement on July 3 in Hong Kong)
The firm is in discussion with creditors. The amount referred to is circa US$1bn.
---
China property sector woes are showing nop sign of going away any time soon.
