The 1.14 billion yuan loan from Shenzhen Metro Group comes after the company failed to find a buyer for its pig farming business to ease liquidity crunch
00:00/00:00
您的浏览器不支持 audio 标签。
Listen to this article
1x
Cash-strapped developer China Vanke Co. Ltd. secured an additional 1.14 billion yuan ($168 million) loan from its largest shareholder to meet debt obligations after failing to find a buyer for its pig farming business.
Steady drip of lifelines underscores the severity of Vanke’s cash crunch
After state-backed rescue funds were capped, the financially strapped developer is seeking a unified extension on 6.7 billion…
Shareholders approve new share issuance, loan arrangements for embattled developer
State-owned operator's deficit and chairman's exit show strain from effort to save developer
Caixin reporter Chen Bo joins host Han Wei to unpack the teetering real estate developer’s liquidity crisis, its…
Property developer asks for delay in payment despite backing of Shenzhen Metro
