More On Evergrande Collapse
by don - 2021-12-10 10:09:14 ( in education, research, finance) [php version] rebuild
...kind of
After the '08 crash, Wall Street decided the next thing would be residential rentals
The Fed keeps the stock market up so the "stakeholders" can buy up the entire economy
On 12/9/21 3:12 AM:
Interesting to talk about the real estate industry which seems to be forever booming.
Isn't Black Rock just having money printed to buy up everything from everyone so we own nothing but [will] be happy?
Tuesday, December 7, 2021 11:06 AM
Now there's Sunshine 100
*Sunshine 100 China Holdings Defaults On SGX-Listed Bond Payment*, December 5, 2021
CHINESE developer Sunshine 100 China Holdings has defaulted on US$178.9 million of debt and interest payments due Sunday (Dec 5), as the direct fallout of the woes of property companies in China continues to impact investors in Singapore.
Sunshine 100 was due to repay the US$170 million of principal and US$8.9 million of interest on its 10.5 per cent senior notes due 2021, which is listed on the Singapore Exchange (SGX). But in a bourse filing on Dec 5, the company said it is unable to meet its debt obligations on the bonds.
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