05 Mar China Vanke pledges to repay offshore debts due soon as it seeks calm amid liquidity crisis rumours
Posted at 09:30h
in Asia
China Vanke, the country’s second-largest property developer, has pledged to repay its outstanding offshore debts that are coming due soon, as its shares and bonds tumbled amid rumours about liquidity distress.The company has prepared all the funds needed for the repayment of a US$630 million...