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CHINA VANKE ST Loan Request Rejected by 2 Banks: Rumor
Recommend 5 Positive 1 Negative 7 |
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CHINA VANKE (02202.HK) opened 5.41% lower today (27th), and bottomed at $3.55. It closed at $3.58, eroding 7.73%. CHINA VANKE announced yesterday (26th) that it is seeking to delay repayment of its RMB2 billion 22 Vanke MTN004 notes due on 15 December. CHINA VANKE is attempting to secure short-term loan to temporarily avert the default crisis, but has been rejected by at least two big banks, according to Bloomberg. AAStocks Financial News Website: www.aastocks.com |
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