Property News · June 7, 2022

Nan Hai says creditors are freezing its assets as it comes up short to meet US$350 million of notes due this weekend


The action underscores how the finances of Nan Hai have fallen victim to the Covid-19 pandemic and China’s property crackdown, as its revenue from cinemas and real estate plunged in mainland China.

Source : South China Morning Post
Read more…Nan Hai says creditors are freezing its assets as it comes up short to meet US0 million of notes due this weekend