LGFV in China's Shandong Province Extends Debt Payment Deadline [Yahoo! Finance]
CHINA MINSHNG BK UNSP/ADR (CMAKY)
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Source: Yahoo! Finance
the payment deadline for nearly all of its 479 million yuan ($66.8 million) non-bond debts, highlighting the sector's liquidity challenges despite government support. Most Read from Bloomberg Musk Fails to Convince Tesla Investors to Overlook Slowdown Boeing Growth Plans Set Back as Regulator Blocks Higher Output Russia Says Ukraine Downed Plane Carrying Prisoners for Swap How Yemen's Houthi Attacks Are Hurting the Global Supply Chain Weifang Binhai Investment Development Co., which raises off-balance-sheet debt financing for the province's infrastructure projects, hadn't made payments as of Dec. 31, 2023, past the original deadline, according to the LGFV's filing this month that was posted on Shanghai Stock Exchange's private disclosure forum but seen by Bloomberg. The LGFV revealed its extension agreement in another filing that was posted Jan. 23 in the stock exchange's private forum and seen by Bloomberg. The parties still have yet to agree on how to treat 2.3 million
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