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New-Home Prices in China's Major Cities Fell in August -- WSJ
This REIT With a 15% Yield May Have a Dividend Problem. Here's Why. -- Barrons.com
Zhenro Properties Group Delists Senior Bonds Due 2024 Upon Maturity
Zhenro PPT (06158) is expected to be unable to repay its outstanding principal and accrued unpaid interest when the bill matures in June 2021.
zhenro ppt (06158) announced that the company was unable to reach an agreement on the terms of the June 2021 bill.
Zhenro PPT (06158.HK) 7.1% Senior Notes Expire in September 2024 and are delisted.
On September 10th, Geelong Holdings announced that the company was unable to pay the accrued interest on the June 2021 notes due to the contractual terms of the June 2021 notes. As of the date of this announcement, due to the tight liquidity of the group and the company's ongoing discussions with the special group of creditors on overseas debt management solutions, the company expects to be unable to pay the outstanding principal and accrued unpaid interest on the June 2021 notes at the time of their maturity in June 2021. Since the June 2021 notes will mature on September 10th, 2024, it is hereby announced that the June 2021 notes will be delisted from the Hong Kong Stock Exchange after their maturity.
Is real estate inventory declining according to the Zhongzhi Institute?
According to a report by the China Index Academy, the inventory clearance cycle is dynamic and is influenced by both the inventory size and the market sales speed. With a significant reduction in land supply, the market is entering a stage of spontaneous inventory clearance. However, the current real estate sales still face adjustment pressure, and the pace of inventory clearance relying solely on market forces is relatively slow. Therefore, policy support is still needed.
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