Two Chinese Developers Delay Dividends Amid Payment Pressure
- Zhongliang, DaFa this week postponed expected payments
- Companies cite need to preserve cash and maintain liquidity
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Two Chinese real estate firms are delaying interim dividend payments by months, the latest step by companies in a sector facing mounting bills and limited fund raising options.
Zhongliang Holdings Group Co. and DaFa Properties Group Ltd. both said in Hong Kong stock exchange filings dated Tuesday that the payments were being pushed back to preserve cash.