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CIFI Holdings (Group) Co Ltd (6CI.SG)
- Reuters
China developer CIFI gets bondholder go-ahead on restructuring plan
HONG KONG (Reuters) -Embattled Chinese property developer CIFI Holdings said on Monday it has reached agreement with a key group of bondholders on a plan to restructure its offshore debt. A key group of bondholders has agreed "in principle" on the key terms of a proposal offered by CIFI, the company said in a filing to the Hong Kong stock exchange. The group holds or controls approximately 43% in aggregate of the principal amount of CIFI's offshore notes and bonds.
- South China Morning Post
China property: Sunac, Country Garden projects among property developments added to local governments' 'whitelists', to get financial support from banks
Sunac China Holdings, Shimao Group, CIFI Group and Country Garden Holdings are among property developers whose projects have been included in "whitelists" by local governments in mainland China, a mechanism that qualifies their projects for financial support from banks. While Beijing-based Sunac had 90 projects cleared for loan applications on Monday, Shanghai-based developers Shimao and CIFI had 16 and 18 projects, respectively, added to whitelists over the past week, according to local media r
- Reuters
Distressed Chinese developers get project loan backing as Beijing ramps up support
More distressed property developers in China have had projects added to local authorities' so-called whitelists, reflecting the rapid expansion of a government policy aimed at injecting liquidity into the crisis-hit sector. Sunac China, Greenland, CIFI and SCE Group said local governments had listed some of their projects as being suitable for bank loans, following a similar announcement by Country Garden at the weekend.
