|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's range||0.4200 - 0.4200|
|52-week range||0.4200 - 1.3900|
|Beta (5Y monthly)||0.81|
|PE ratio (TTM)||1.18|
|Forward dividend & yield||0.11 (26.63%)|
|Ex-dividend date||09 Sep 2021|
|1y target est||N/A|
Chinese developer Guangzhou R&F Properties, which has a number of super-sized projects in global cities such as London, saw its Hong Kong offshoot declared in "selective default" on Thursday after it pushed through a bond payment delay. Credit rating agency S&P Global took the step after the struggling firm got approval from lenders to delay a $725 million senior unsecured note payment that had been due on Thursday. "We view the transaction as distressed restructuring tantamount to a default because R&F HK has insufficient resources and limited funding options to repay the maturing notes in whole in the absence of the transaction," S&P said.
SHANGHAI/HONG KONG (Reuters) -Chinese developer Shimao Group has defaulted on a loan after missing a 645 million yuan ($101 million) payment, the lender said in a letter seen by Reuters on Thursday, in the latest sign of distress in China's property sector. China Credit Trust Co said in the letter, confirmed by two sources familiar with the matter, that 755 million yuan of the trust loan had been repaid. Shimao and China Credit Trust Co did not respond to requests for comment.
LONDON (Reuters) -China's property sector woes could spell trouble for prestige mega-projects in London, New York, Sydney and other top cities as the developers behind them scramble for cash. While China Evergrande Group's struggles have dominated the crisis, the risk to multi-trillion dollar global property markets stems from some of its rivals that have spent the last decade competing to build ever taller and grander skyscrapers. Shanghai-based Greenland Holdings, which breaches as many of China's debt "red lines" as Evergrande, has just built Sydney's https://www.greenlandaustralia.com.au/en/greenland-centre tallest residential tower, has plans to do the same in London https://spirelondon.com and has billions of dollars worth of projects in Brooklyn, Los Angeles, Paris and Toronto.