SCCCF News and Press, Sunac China Holdings Ltd

2023-04-13 14:43:22 ET Summary China's economy is coming back from hard times during their 3 year severe Covid-19 restrictions, so consider iShares MSCI China A ETF. Sentiment is improving in the important real estate sector. Manufacturing will evolve and China is still going ...

2023-03-28 15:15:54 ET Sunac China Holdings ( OTC:SCCCF ) ( OTC:SNCHY ) has reach a pact with a group of bondholders as the distressed Chinese property developer released the game plan for its debt restructuring plan, according to a Hong Kong exchange filing dated Tuesday. ...

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With China's central bank cutting its benchmark for mortgage rates, a number of U.S.-listed Chinese real estate and financial stocks are rising in Friday trading. The People's Bank of China cut its five-year loan prime rate to 4.45% from 4.6%, a move that initially buoyed U.S. stocks early in...

Sunac China Holdings (OTC:SCCCF) (OTCPK:SNCHY), a Chinese real estate developer, said Thursday it hasn't made interest payments of $29.5M on October 2023 notes by the time the 30-day grace period expired. The coupon payment was originally due April 11. The company also hasn't paid $75.3M...

Highly indebted Chinese property developer stocks like Sunac China (OTC:SCCCF) (OTCPK:SNCHY), China Aoyuan (OTCPK:CAOYF), Shimao (OTCPK:SIOPF) (OTCPK:SHMAY) and Kaisa Prosperity (OTCPK:KKPFF) have been suspended from trading after failing to meet an earnings reporting deadline at the end...

While China Evergrande (OTCPK:EGRNF -7.9%) (OTCPK:EGRNY -5.1%) struggled to make coupon payments on its international bonds, Ashmore Group (OTCPK:AJMPF) bought almost $100M more of bonds issued by the Chinese property developer or its subsidiaries, Bloomberg reports, citing data it compiled. ...

China Evergrande (OTCPK:EGRNF) (OTCPK:EGRNY) makes a late payment on another dollar bond, buying itself time to work with creditors and try to restructure its debt. The debt-laden Chinese property developer, which owed $45M of interest on $951M of bonds due in 2024, made a coupon payment that...

In the latest on the China Evergrande (OTCPK:EGRNF) (OTCPK:EGRNY) saga, the property developer puts on hold its deal to sell a 51% stake in its property services division to smaller competitor Hopson Development, Reuters said, citing two people with knowledge of the matter. Also its flagship ...

Some holders don't expect to receive coupon payments on China Evergrande Group's (OTCPK:EGRNF -12.5%) dollar bonds that are due today, Reuters reports, citing a source familiar with the matter. The company has a 30-day grace period before an actual default. The bondholders expect the property...