Glorious Property Misses More Loan Repayments as Sales DropBy
Management confident lenders won't enforce immediate repayment
Company has a $300 million bond that matures next month
Glorious Property Holdings Ltd. said it’s selling assets to raise cash and negotiating with lenders to ease its financial burden after falling behind in servicing 10.5 billion yuan ($1.6 billion) of loans.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.