{"id":157641,"date":"2025-07-15T17:16:17","date_gmt":"2025-07-15T10:16:17","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-grand-ming-avoids-risking-default-by-getting-waivers-from-lenders\/"},"modified":"2025-07-15T18:58:58","modified_gmt":"2025-07-15T11:58:58","slug":"developer-grand-ming-avoids-risking-default-by-getting-waivers-from-lenders","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-grand-ming-avoids-risking-default-by-getting-waivers-from-lenders\/","title":{"rendered":"Developer Grand Ming avoids risking default by getting waivers from lenders"},"content":{"rendered":"


\nHong Kong developer Grand Ming Group has avoided risking default by obtaining waivers from its lenders for outstanding loans totalling HK$4.8 billion (US$611.5 million).
\n\u201cThe group has successfully obtained waivers from all lenders in respect of the breach,\u201d the company said on Monday. \u201cAccordingly, the lenders will not demand immediate repayment of the respective bank borrowings under the loan facilities from the group as a consequence of the breach. The group will repay the loan principal and…
\n
\nSource : South China Morning Post
\nRead more…Developer Grand Ming avoids risking default by getting waivers from lenders<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong developer Grand Ming Group has avoided risking default by obtaining waivers from its...<\/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-157641","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-F0B","jetpack-related-posts":[{"id":120790,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrandes-creditor-minsheng-bank-pares-loans-to-developer-amid-concerns-about-leverage-default\/","url_meta":{"origin":157641,"position":0},"title":"China Evergrande\u2019s creditor Minsheng Bank pares loans to developer amid concerns about leverage, default","date":"June 24, 2021","format":false,"excerpt":"\r China Evergrande\u2019s top bank creditor has reduced its exposure to the nation\u2019s most-indebted developer to assuage its own investors, a sign that local lenders have started to raise their guard against the risk of defaults.China Minsheng Banking Group, a major commercial lender, said its loan exposure to Evergrande has\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114716,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/intu-the-breach-dear-lenders\/","url_meta":{"origin":157641,"position":1},"title":"Intu the breach, dear lenders","date":"March 5, 2020","format":false,"excerpt":"\r Intu speeds towards covenant limits; Bailey drops catches; Sirius clodhoppers\r \r Source : ft.com\r Read more...Intu the breach, dear lenders","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":157641,"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":60912,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-credit-score-agencies-have-the-power-to-make-or-break-lives\/","url_meta":{"origin":157641,"position":3},"title":"How credit score agencies have the power to make or break lives","date":"July 17, 2017","format":false,"excerpt":"\r Defaults on a file often mean lenders will say no \u2013 to anything from a mortgage to a mobile phone contract. So what can you do?Omar Nasser came close to losing his home when his interest-only mortgage expired earlier this year and his application for a new loan was\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":133790,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-lenders-fear-spike-in-mortgage-defaults-as-cost-of-living-hits-home\/","url_meta":{"origin":157641,"position":4},"title":"UK lenders fear spike in mortgage defaults as cost of living hits home","date":"January 19, 2023","format":false,"excerpt":"\r Bank of England survey shows lenders expect steep rise in borrowers failing to make monthly repaymentsBritain\u2019s mortgage lenders fear a spike in the number of homeowners handing back their keys as the cost of living crisis forces more people to default on their loans.The Bank of England said a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":19116,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lenders-call-for-loan-to-income-review\/","url_meta":{"origin":157641,"position":5},"title":"Lenders call for loan-to-income review","date":"July 8, 2016","format":false,"excerpt":"\r Rules are \u2018old-fashioned and market conditions have changed\u2019\r \r Source : ft.com\r Read more...Lenders call for loan-to-income review","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\/157641"}],"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=157641"}],"version-history":[{"count":1,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/157641\/revisions"}],"predecessor-version":[{"id":157642,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/157641\/revisions\/157642"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=157641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=157641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=157641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}