, givingmore time to work out what investors expect will be a lengthy and complicated restructuring.
Hengda Real Estate Group Co., the biggest unit of the giant conglomerate, said Wednesday it negotiated privately with holders of an onshore bond to settle a 232 million yuan coupon payment that is due Thursday. The five-year bond has a 4 billion yuan principal value, and matures in September 2025.
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All those buildings and all those floors of people, but only ONE basketball court? Must take forever to get playtime after calling, 'WE GOT WINNERS.'
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