Zhonghong Holdings,the genuine estate developer controlled by tycoon Wang Yonghong announced final week that it had defaulted on RMB 1.1 billion ($160 million) in credit obligations in the month of July, bringing the Beijing-based company’s total past-due obligations to... ReadMore>>The post Mainland Developer Announces Default on RMB 2.27B in Debt as White Knight Goes Dark appeared first on Mingtiandi.
Source: mingtiandi.com