Property News · December 6, 2021

Repeat Chinese defaulter Sunshine 100 misses payment on US$179 million of debt and interest


Chinese developer and repeat defaulter Sunshine 100 China Holdings has missed payment on US$179 million of debt and interest payments due Sunday, as higher borrowing costs hit indebted companies across the sector.Sunshine 100 said in a filing that it won’t be able to repay the US$170 million of principal and more than US$8.9 million of interest on its 10.5 per cent senior notes due 2021.The company said in August that it wasn’t able to repay the principal, premium and accrued interest of its…

Source : South China Morning Post
Read more…Repeat Chinese defaulter Sunshine 100 misses payment on US9 million of debt and interest

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