China Vanke's Shares Rise on Fresh Proposals to Delay Bond Repayment
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China Vanke's shares rose 6.9% after the company proposed four new plans to delay repayment of overdue bonds. The proposals include a 12-month extension and partial payments to bondholders. Analysts express uncertainty about negotiations, with expectations of a potential default and restructuring by 2026 if property sales do not improve. Vanke's market share has decreased significantly, and the company is losing its status in the industry. The situation remains fluid as bondholder negotiations are set for Wednesday.
Source: MorningStar The copyright of this article belongs to the original author/organization.
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