{"id":124334,"date":"2022-01-24T17:00:27","date_gmt":"2022-01-24T10:00:27","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/agile-group-becomes-latest-debt-ridden-chinese-developer-to-be-rescued-by-state-owned-company\/"},"modified":"2022-01-24T17:20:40","modified_gmt":"2022-01-24T10:20:40","slug":"agile-group-becomes-latest-debt-ridden-chinese-developer-to-be-rescued-by-state-owned-company","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/agile-group-becomes-latest-debt-ridden-chinese-developer-to-be-rescued-by-state-owned-company\/","title":{"rendered":"Agile Group becomes latest debt-ridden Chinese developer to be rescued by state-owned company"},"content":{"rendered":"


\nState-backed companies are coming to the rescue of embattled Chinese developers pushed to the edge of financial ruin by Beijing\u2019s \u201cthree red lines\u201d borrowing restrictions.Agile Group, one of the country\u2019s top 20 home sellers, said it will sell its 26.7 per cent stake in a Guangzhou property joint venture for 1.84 billion yuan (US$300 million) to a unit of China Overseas Land & Investment (Coli).Hong Kong-listed Coli is a property arm of China State Construction Engineering, which is directly\u2026
\n
\nSource : South China Morning Post
\nRead more…Agile Group becomes latest debt-ridden Chinese developer to be rescued by state-owned company<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

State-backed companies are coming to the rescue of embattled Chinese developers pushed to the edge...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-124334","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-wlo","jetpack-related-posts":[{"id":125747,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/debt-ridden-developer-kaisas-bonds-edge-up-after-firm-says-it-has-signed-joint-venture-agreement-with-state-owned-builder-bad-asset-manager\/","url_meta":{"origin":124334,"position":0},"title":"Debt-ridden developer Kaisa\u2019s bonds edge up after firm says it has signed joint venture agreement with state-owned builder, bad asset manager","date":"April 6, 2022","format":false,"excerpt":"\r Bonds of embattled Chinese property developer Kaisa Group Holdings edged up on Wednesday after the company said it had entered into a strategic partnership with a state-owned developer and a major bad asset manager.\r \r Source : South China Morning Post\r Read more...Debt-ridden developer Kaisa\u2019s bonds edge up after\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123432,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/debt-stricken-fantasia-becomes-first-chinese-developer-to-face-a-wind-up-petition-possible-liquidation\/","url_meta":{"origin":124334,"position":1},"title":"Debt-stricken Fantasia becomes first Chinese developer to face a wind-up petition, possible liquidation","date":"November 26, 2021","format":false,"excerpt":"\r Fantasia Holdings Group said a major subsidiary was facing a wind-up petition filed by its creditors, which could force the debt-ridden Chinese developer into insolvency.The Shenzhen-based developer said in a stock exchange filing on Thursday evening that the petition was related to a US$149 million loan of which Fantasia\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119608,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-agile-sells-stakes-worth-us1-08-billion-in-seven-chinese-property-projects-to-ping-an-to-raise-cash-needed-to-dodge-new-borrowing-restrictions\/","url_meta":{"origin":124334,"position":2},"title":"Developer Agile sells stakes worth US$1.08 billion in seven Chinese property projects to Ping An to raise cash needed to dodge new borrowing restrictions","date":"December 25, 2020","format":false,"excerpt":"\r Chinese property developer Agile Group Holdings is selling stakes worth 7.05 billion yuan (US$1.08 billion) in seven property projects to Ping An Insurance Group, a move that should bring it much needed cash before a regulatory hurdle for borrowing takes effect and allow Ping An to deepen its footprint\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":131078,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/agile-group-embattled-chinese-property-developer-redeems-us207-million-bond\/","url_meta":{"origin":124334,"position":3},"title":"Agile Group, embattled Chinese property developer, redeems US$207 million bond","date":"October 20, 2022","format":false,"excerpt":"\r The company, one of China\u2019s top home sellers, redeemed a 1.5 billion yuan (US$207 million) bond due this month, according to a late Wednesday filing with the Hong Kong exchange.\r \r Source : South China Morning Post\r Read more...Agile Group, embattled Chinese property developer, redeems US7 million bond","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122770,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/panic-stricken-investors-drive-down-chinese-developer-agiles-bonds-amid-rumours-about-its-ability-to-repay-loans\/","url_meta":{"origin":124334,"position":4},"title":"Panic-stricken investors drive down Chinese developer Agile\u2019s bonds amid rumours about its ability to repay loans","date":"October 22, 2021","format":false,"excerpt":"\r Chinese developer Agile Group Holdings on Friday tried to reassure investors that it has enough money on hand to service debt, including off-balance sheet loans, after rumours drove down its bond prices.The prices of 11 US dollar dominated bonds of the Guangzhou-based Chinese developer plunged as panic-stricken investors sold\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122422,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-estates-offers-to-take-firm-private-after-selling-stake-in-debt-ridden-china-evergrande-at-loss\/","url_meta":{"origin":124334,"position":5},"title":"Chinese Estates offers to take firm private after selling stake in debt-ridden China Evergrande at loss","date":"October 6, 2021","format":false,"excerpt":"\r The family of Hong Kong magnate Joseph Lau Luen-hung is planning to take Chinese Estates Holdings private and on Wednesday offered an 83.5 per cent premium for shares held by minority owners.The family is offering HK$4 apiece to public investors in the Hong Kong-listed company, whose stock closed at\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/124334"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=124334"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/124334\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=124334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=124334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=124334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}