{"id":143715,"date":"2024-04-12T12:11:46","date_gmt":"2024-04-12T05:11:46","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/indebted-chinese-developer-zhenro-asks-to-delay-restructuring-amid-strained-conditions-ping-an-units-lawsuit-threat\/"},"modified":"2024-04-12T12:22:14","modified_gmt":"2024-04-12T05:22:14","slug":"indebted-chinese-developer-zhenro-asks-to-delay-restructuring-amid-strained-conditions-ping-an-units-lawsuit-threat","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/indebted-chinese-developer-zhenro-asks-to-delay-restructuring-amid-strained-conditions-ping-an-units-lawsuit-threat\/","title":{"rendered":"Indebted Chinese developer Zhenro asks to delay restructuring amid \u2018strained\u2019 conditions, Ping An unit\u2019s lawsuit threat"},"content":{"rendered":"


\nShanghai-based developer, facing 61.86 billion yuan (US$8.5 billion) in debts, says it needs more time to consider restructuring plan amid slumping sales and slow asset disposal as the property market crisis grinds on.
\n
\nSource : South China Morning Post
\nRead more…Indebted Chinese developer Zhenro asks to delay restructuring amid \u2018strained\u2019 conditions, Ping An unit\u2019s lawsuit threat<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Shanghai-based developer, facing 61.86 billion yuan (US$8.5 billion) in debts, says it needs more time...<\/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-143715","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-BnZ","jetpack-related-posts":[{"id":148873,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/founder-of-chinese-developer-zhenro-faces-action-on-suspected-illegal-activities\/","url_meta":{"origin":143715,"position":0},"title":"Founder of Chinese developer Zhenro faces action on \u2018suspected illegal activities\u2019","date":"January 21, 2025","format":false,"excerpt":"\r Ou Zongrong placed under legal compulsory measures after restructuring support agreement expired, according to holding company.\r \r Source : South China Morning Post\r Read more...Founder of Chinese developer Zhenro faces action on \u2018suspected illegal activities\u2019","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124543,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-property-developer-zhenros-shares-and-bonds-plummet-on-redemption-speculation\/","url_meta":{"origin":143715,"position":1},"title":"Chinese property developer Zhenro\u2019s shares and bonds plummet on redemption speculation","date":"February 11, 2022","format":false,"excerpt":"\r Shares and bonds of Chinese developer Zhenro Properties Group slumped amid speculation that the company does not plan to redeem a US$200 million bond next month.The Shanghai-based developer told investors late on Thursday that its plan to call the bond remain unchanged, sources told the Post, refuting rumours which\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124626,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/zhenro-properties-seeks-waivers-from-bondholders-claims-ahead-of-us200-million-note-redemption-day\/","url_meta":{"origin":143715,"position":2},"title":"Zhenro Properties seeks waivers from bondholders\u2019 claims ahead of US$200 million note redemption day","date":"February 19, 2022","format":false,"excerpt":"\r Zhenro Properties has asked holders of its US$200 million perpetual note to forgive any potential default that could arise from its failure to redeem the securities due in March, citing short-term funding issues amid a market downturn.The Shanghai-based developer said the lack of capital market funding and bank loans\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":166592,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developer-country-garden-gains-hong-kong-court-backed-debt-lifeline\/","url_meta":{"origin":143715,"position":3},"title":"Chinese developer Country Garden gains Hong Kong court-backed debt lifeline","date":"December 5, 2025","format":false,"excerpt":"\r Country Garden Holdings has cleared a major hurdle this week after securing approval for both its onshore and offshore restructuring plans, offering the embattled developer a lifeline amid mainland China\u2019s property downturn. Sources said the Hong Kong High Court on Thursday endorsed a proposal allowing the indebted developer, once\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":135654,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/indebted-chinese-developer-shimao-group-to-sell-hong-kong-airport-area-sheraton-hotel-property-for-us828-million\/","url_meta":{"origin":143715,"position":4},"title":"Indebted Chinese developer Shimao Group to sell Hong Kong airport-area Sheraton hotel property for US$828 million","date":"March 27, 2023","format":false,"excerpt":"\r The owner of the 1, 219-room, Sheraton-branded property, Shimao Group, is in the process of restructuring US$11.8 billion in debt.\r \r Source : South China Morning Post\r Read more...Indebted Chinese developer Shimao Group to sell Hong Kong airport-area Sheraton hotel property for US8 million","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":133514,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-crisis-worlds-most-indebted-developer-misses-overhaul-proposal-deadline-amid-creditor-talks\/","url_meta":{"origin":143715,"position":5},"title":"China Evergrande crisis: world\u2019s most indebted developer misses overhaul proposal deadline amid creditor talks","date":"January 1, 2023","format":false,"excerpt":"\r China Evergrande Group delayed releasing a much-anticipated restructuring plan again, missing a self-imposed deadline and disappointing creditors seeking to salvage investments.\r \r Source : South China Morning Post\r Read more...China Evergrande crisis: world\u2019s most indebted developer misses overhaul proposal deadline amid creditor talks","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\/143715"}],"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=143715"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/143715\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=143715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=143715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=143715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}