Women are taking over as CEOs and directors of family-run real-estate firms and envisioning future spaces and skylines. ‘They are redefining the sector,’ said an industry expert.
In a filing in the Hong Kong Stock Exchange Wednesday, the company announced that one of its creditors, Ever Credit Ltd., had filed a winding-up petition in the high court over non-payment of $204 million.
Country Garden has reportedly defaulted on $15.4 million dollar bond interest payment, a first. This comes 2 months after the Evergrande Group filed for bankruptcy.
State-owned banks bought $2.5 billion of bonds in February, the biggest monthly purchase since 2006, after selling heavily over the past year as the RBI injected liquidity.
All of them have nice assets.