Billionaire owners of Chinese developers have dipped into their own pockets for at least $3.8 billion to save their troubled companies from default, as a cash crunch engulfs the industry.
From sales of luxury assets to stakes in sought-after listed companies, the personal balance sheets of China’s property tycoons have become key for investors to determine whether developers will meet their debt obligations. Founding chairmen of at least seven real estate companies have tapped their wealth in recent weeks to support the firms.
"use" - Google News
November 22, 2021 at 04:00AM
https://ift.tt/3x7Duum
China Property Moguls Use Billions of Their Own Cash on Rescues - Bloomberg
"use" - Google News
https://ift.tt/2P05tHQ
https://ift.tt/2YCP29R
Bagikan Berita Ini
0 Response to "China Property Moguls Use Billions of Their Own Cash on Rescues - Bloomberg"
Post a Comment