Chinese property developer Greenland seeks to extend $488m bond payment

Chinese property developer Greenland seeks to extend $488m bond payment

Tianjin City, China. Photo by Sun Mingze on Unsplash

State-backed Chinese property developer Greenland Holdings said on Friday it plans to extend the repayment of its $488 million offshore bond maturing in June by one year, according to a transcript seen by Reuters and confirmed by sources who attended an investor call.

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