Tue 11/16/2021 05:59 AM
China Aoyuan Group’s onshore operating subsidiary Aoyuan Corporation proposed at a bondholder meeting today, Nov. 16, in Guangzhou to extend three onshore asset-backed securities totalling RMB 1.47 billion ($229.6 million) for an unspecified period by pledging a land parcel in Yichun, Jiangxi province, worth RMB 1 billion with a 10% upfront payment and repayment of another 10% principal in one month, said a bondholder who attended the informal meeting and a buyside source familiar with the...
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