WHEN a bellwether Chinese property developer reportedly sought buyers for US$12bil (RM53bil) of assets to repay debt this year, the move sparked hopes of a liquidity boost for the nation’s embattled real estate firms.
But since January, only about three of 34 assets listed by Shimao Group Holdings Ltd – one of the biggest issuers of dollar bonds in the sector – have been sold, according to exchange filings.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
